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Dogrudan Yabanci Yatirimlarin Belirleyicileri Uzerine Bir Analiz: OECD Ornegi

Author

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  • Burcu OZCAN

    () (Istanbul University)

  • Ayse ARI

    () (Istanbul University)

Abstract

Foreign direct investment is performed either building a new foundation or buying an existing corporation by the multinational corporations. These investments have become prevalent around the world at the late of 1950s. Capital liberalization has engendered to pick up speed of transnational investments along with. Liberalized national economies have become aware of importance of foreign investments because of their contribution to economic growth and development. So, they have started to apply different policies and strategies which aim to glamorize of existing market place for foreign investors. National economies compete with each other for pulling of foreign investor, anymore. In the theoretical part of this study, the importance of foreign direct investment, their determinants and classes are explained. In the empirical section, the factors that effect FDI are investigated for the 27 OECD countries over the period 1994-2006, with the dynamic panel data analysis method by using GMM forecast technique. At the end of the study, it’s seen that GDP growth rate, infrastructure and inflation effect FDI positively. But contrast to the theory, it’s identified that trade openness and current account balance are negatively related to FDI.

Suggested Citation

  • Burcu OZCAN & Ayse ARI, 2010. "Dogrudan Yabanci Yatirimlarin Belirleyicileri Uzerine Bir Analiz: OECD Ornegi," Istanbul University Econometrics and Statistics e-Journal, Department of Econometrics, Faculty of Economics, Istanbul University, vol. 12(1), pages 65-88, November.
  • Handle: RePEc:ist:ancoec:v:12:y:2010:i:1:p:65-88
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    Keywords

    Foreign direct investment; multinational corporations; push and pull factors; generalized moment of methods; dynamic panel data analysis.;

    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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