Theoretical and Applied Economics
No. 10 / 2012 (575)
The long run relationship between foreign direct investments, exports, and gross domestic product: panel data implications
Abant Izzet Baysal University, Department of Business Administration, Golkoy Campus, Bolu, Turkey
Abstract. Foreign direct investment (FDI) is defined as establishing a new company or branch of a foreign company by foreign investor or share acquisitions of a company established in host country (any percentage of shares acquired outside the stock exchange or 10 percent or more of the shares or voting power of a company acquired through the stock exchange (UNCTAD, 2012)). This study investigated the long-term relationship between FDI and export volume, FDI and Gross Domestic Products (GDP), and export volume and GDP through cointegration tests. It is conducted the panel data analysis using data for the period of 2000-2010 from 15 countries making direct investment in Turkey regularly since year 2000. Panel unit-root tests showed that variables are stationary for the first difference level. Residual based and error correction based cointegration tests revealed that there is long-term relationship between FDI and export volume, FDI and GDP, and export volume and GDP.
Contents
Use of fixed income products within a company's portfolio
An empiric approach of the FDI-taxation relationship in Romania
Public-private partnership role in increasing the quality of the health insurance services
The economic integration: concept and end of process
The long run relationship between foreign direct investments, exports, and gross domestic product: panel data implications
Spending Power and match attendance: is Romanian football a normal or an inferior good?
The readiness of employees for the future society. Case study
Transition to a green economy – a challenge and a solution for the world economy in multiple crisis context
A VAR analysis of the connection between FDI and economic growth in Romania
EU budget reform in the context of the current economic crisis
Technological innovation as a mean to increase economic competitiveness