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DÖVİZ KURU DEĞİŞKENLİĞİ VE YABANCI DOĞRUDAN YATIRIM AKIMLARI: TÜRKİYE ÖRNEĞİ

Journal Name:

  • İstanbul Üniversitesi İktisat Fakültesi Mecmuası

Publication Year:

  • 2005
Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
The theoretical and empirical literature has reached ambiguous results for the relationship between volatility in real exchange rates and foreign direct investment (FDI) flows. This paper empirically investigates the impact of real exchange rate volatility on FDI flows into Turkey by developing panel data gravity models and time series traditional models. The results indicate that while there is no significant relationship between FDi flows and real exchange rate volatility, there exists a significant positive relationship between real exchange rates and FDI flows. A depreciation of host country's currency (Turkish Lira) leads to an increase in FDI flows into Turkey.
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Abstract (Original Language): 
Reel döviz kunt değişken/iği ve yabana doğrudan yatırım (YDY) akımları arasındaki ilişki konusunda daha önce yapılan teorik ve ampirik çalışmalar kesin sonuçlar ortaya koyamamışta: Bu çalışma, panel veri gravity modelleri ve zaman serisi modelleri geliştirerek, Türkiye'ye YDY akımları üzerinde reel döviz kum değişkenliğinin etkisini araştırmaktadır. Sonuçlar, YDY akımları ve reel döviz kuru değişkenliği arasında anlamlı ilişki olmamasına karşılık, reel, döviz kurları ve YDY akımları arasında istatisliki olarak anlamlı bir pozitif ilişkinin olduğunu göstermektedir. YDY'nin yapıldığı ülkenin parasuuıı (Türk lirası) değerinde bir düşme, ülkede (Türkiye) YDY akımlarında bir artışa yol açmaktadır.
FULL TEXT (PDF): 
PDF icon arastirmax-doviz-kuru-degiskenligi-yabanci-dogrudan-yatirim-akimlari-turkiye-ornegi.pdf
  • 1
975-986
  • Turkish

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