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The Impact of Foreign Direct Investment on Economic Growth in Türkiye: ARDL Approach

Author

Listed:
  • Karimov Mehman

    (Azerbaijan Technological University, Azerbaijan State Agricultural University, AZ2000 Ganja, Azerbaijan Email: m.kerimov@atu.edu.az)

  • Huseynova Emilia

    (Mingachevir State University, AZ4500, Mingachevir, Azerbaijan)

Abstract

This paper investigates the impact of Foreign Direct Investment inflows on economic growth in Türkiye. The study covers the period from 2006 Q2 to 2019 Q4. Time series datasets obtained from the CBT and FRED database are used for statistical analyses, including ADF, PP, Zivot Andrews Unit Root Tests, the ARDL bounds testing approach, and the Granger Causality tests, to fulfil the empirical part of the study. Based on the obtained findings, it was confirmed that, Foreign Direct Investment inflows have a positive impact on economic growth in Türkiye. Moreover, the results of the Granger causality analysis reveal a bidirectional relationship between FDI and GDP.

Suggested Citation

  • Karimov Mehman & Huseynova Emilia, 2024. "The Impact of Foreign Direct Investment on Economic Growth in Türkiye: ARDL Approach," Acta Academica Karviniensia, Sciendo, vol. 24(1), pages 29-42.
    • Handle: RePEc:vrs:aakarv:v:24:y:2024:i:1:p:29-42:n:1003
    DOI: 10.25142/aak.2024.003
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    Keywords

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    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B27 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - International Trade and Finance
    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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