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Outward Foreign Direct Investment and Economic Growth, the Changing Nature of Turkish Economy

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  • Ahmet İkiz

    (Mugla Sıtkı Kocman University)

Abstract

Liberalization and deregulation policies after 1980's successfully open Turkish economy to global world and increased foreign trade and investment. The focal point of this policy was constructed on increasing FDI to Turkish economy in order to attain high economic growth. In last couple of years there is a enormous amount of change in this process where contrary to inward FDI the outward FDI of Turkish companies significantly increased. That clearly indicates the amount of capital movement abroad for investment purposes. That accompanied with low saving rates which is the main determinants of investment level in home country. The OFDI in Turkish economy is quite neglected area in academic literature and there are few research on its impacts on economic growth. In this paper I am trying observe the impact of OFDI on economic growth for Turkish economy.

Suggested Citation

  • Ahmet İkiz, 2015. "Outward Foreign Direct Investment and Economic Growth, the Changing Nature of Turkish Economy," EY International Congress on Economics II (EYC2015), November 5-6, 2015, Ankara, Turkey 7, Ekonomik Yaklasim Association.
    • Handle: RePEc:eyd:cp2015:7
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