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Dogrudan Yabancı Yatırım, Kredi Notu ve Ekonomik Büyüme Iliskisi: Türkiye Örnegi

Author

Listed:
  • Derya Nur Türkseven

    (Sakarya University)

  • Elveda Özdilek

    (Sakarya University)

  • Selahaddin Kutlar

    (Yıldız Teknik University)

Abstract

Dogrudan yabancı yatırım kararı alınırken kredi derecelendirme kuruluslarının sagladıgı bilgiler yatırımcılara ısık tutmaktadır. Bu çalısmada Türkiye’de 1992-2019 zaman aralıgında kredi notu, ekonomik büyüme ve dogrudan yabancı yatırımlar arasındaki iliskiler arastırılmıstır. Arastırmada kullanılan kredi notu verileri Fitch, Moody’s ve Standart & Poor’s derecelendirme kuruluslarından elde edilen bir indeks seklindedir. Dogrudan yabancı yatırımların bagımlı degisken olarak ele alındıgı modelde Johansen esbütünlesme analizden elde edilen sonuçlarda degiskenler arasında uzun dönemli bir iliski oldugu gözlemlenmektedir. Granger nedensellik analizi sonucunda dogrudan yabancı yatırımlar ve kredi derecelendirme notu arasında çift yönlü iliski gözlenirken, büyüme ile dogrudan yabancı yatırımlar ve büyüme ile kredi derecelendirme notu arasında tek yönlü bir iliski gözlemlenmiştir. Buna göre büyümede meydana gelen bir değisim hem kredi derecelendirme notunu hem de dogrudan yabancı yatırımları etkilemektedir. Ayrıca yapılan analizler kredi derecelendirme notunun Türkiye’de bir politika aracı olarak kullanılabilecegine isaret etmektedir.

Suggested Citation

  • Derya Nur Türkseven & Elveda Özdilek & Selahaddin Kutlar, 2021. "Dogrudan Yabancı Yatırım, Kredi Notu ve Ekonomik Büyüme Iliskisi: Türkiye Örnegi," Bingol University Journal of Economics and Administrative Sciences, Bingol University, Faculty of Economics and Administrative Sciences, vol. 5(2), pages 371-401, December.
    • Handle: RePEc:bgo:journl:v:5:y:2021:i:2:p:371-401repec/bgo/
    DOI: https://doi.org/10.33399/biibfad.909957
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    More about this item

    Keywords

    Kredi derecelendirme; dogrudan yabancı yatırım; ekonomik büyüme; Johansen esbütünlesme; Granger nedensellik;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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