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

[1] BAIASHVILI, T. and L. GATTINI, 2020. Impact of FDI on economic growth: The role of country income levels and institutional strength. EIB Working Papers. Search in Google Scholar

[2] BELKANIA, D. and M. KARIMOV, 2018. An Empirical Examination of the Export-Led Growth Theory Regarding Georgia. European Journal of Marketing and Economics, 1(3). https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3456936 Search in Google Scholar

[3] CALAL, M. H., K. M. ILHAM, N. E. VAQIF, Z. E. CALAL and T. G. Mardan, 2023. The role of the Foreign Direct Investment inflows on export in Azerbaijan: An ARDL approach. Economic Journal of Emerging Markets, 160–172. https://journal.uii.ac.id/JEP/article/view/28259 Search in Google Scholar

[4] CHAKRABORTY, C. and P. NUNNENKAMP, 2008. Economic reforms, FDI, and economic growth in India: A sector level analysis. World development, 36(7), 1192–1212. Search in Google Scholar

[5] DAR, A. A., H. M. A. BHATTI and T. MUHAMMAD, 2016. FDI and Economic Growth in Pakistan: A Sector Wise Multivariate Cointegration Analysis. The Pakistan Development Review, 67–88. https://www.jstor.org/stable/44986476 Search in Google Scholar

[6] DICKEY, D. and W. A. FULLER, 1979. Distribution of the estimators for time series regressions with a unit root. Journal of the American Statistical Association, 74(366), 427–431. Search in Google Scholar

[7] GÁL, Z. and A. GYIMESI, 2021. Does foreign investment generate regional economic growth in emerging countries and their regions? Case of Central & Eastern Europe and Hungary. 13th World Congress of the RSAI: Smart Regions: Opportunities for sustainable development in the digital era. Ponte Delgada Azores, 2021 május 25-28. Search in Google Scholar

[8] IRANMANESH, N. and S. A. JALAEE, 2021. Testing the long-run neutrality and superneutrality of money in a developing country: Evidence from Iran. MethodsX, 8, 101251. Search in Google Scholar

[9] KARIMOV, M., 2019. The Impact of Foreign Direct Investment on Trade (Export and Import) in Türkiye. European Journal of Interdisciplinary Studies, 5(1), 6–17. Search in Google Scholar

[10] KARIMOV, M., 2020. An empirical analysis of the relationship among foreign direct investment, gross domestic product, CO2 emissions, renewable energy contribution in the context of the Environmental Kuznets Curve and pollution haven hypothesis regarding Türkiye. European Journal of Formal Sciences and Engineering, 3(2), 23–42. Search in Google Scholar

[11] KARIMOV, M. and D. BELKANIA, 2018. A Case Study of Foreign Direct Investment and Economic Growth Relationship in Türkiye. European Journal of Marketing and Economics, 1(3), Article 3. https://doi.org/10.26417/ejme.v1i3.p97-101 Search in Google Scholar

[12] KARIMOV, M., E. NESIROV and E. ZEYNALLI, 2023. The Examination of the Relationship Between Foreign Direct Investment and Trade in Türkiye: ARDL Approach. Studia Universitatis „Vasile Goldis” Arad–Economics Series, 33(4), 117–144. https://www.ceeol.com/search/article-detail?id=1176677 Search in Google Scholar

[13] KARIMOV, M., A. PARADI-DOLGOS and R. KOROSECZNE PAVLIN, 2020. An empirical analysis of the relationship between foreign direct investment and unemployment rate: Evidence from Türkiye. Search in Google Scholar

[14] KISSWANI, K. M., A. KEIN and S. T. SHETTY, 2015. The impact of FDI inflows on real GDP in Estonia: Evidence from a cointegration approach and causality test. The Journal of Developing Areas, 25–40. Search in Google Scholar

[15] LUCAS, R. E., 1998. On the mechanics of economic development. Econometric Society Monographs, 29, 61–70. Search in Google Scholar

[16] NISTOR, P., 2014. FDI and economic growth, the case of Romania. Procedia Economics and Finance, 15, 577–582. Search in Google Scholar

[17] PESARAN, M. H. and Y. SHIN, 1995. An autoregressive distributed lag modelling approach to cointegration analysis. Search in Google Scholar

[18] PESARAN, M. H., Y. SHIN and R. J. SMITH, 2001. Bounds testing approaches to the analysis of level relationships. Journal of applied econometrics, 16(3), 289–326. Search in Google Scholar

[19] PESARAN, M. H. and R. P. SMITH, 1998. Structural analysis of cointegrating VARs. Journal of economic surveys, 12(5), 471–505. Search in Google Scholar

[20] PHILLIPS, P. C. and P. PERRON, 1988. Testing for a unit root in time series regression. Biometrika, 75(2), 335–346. Search in Google Scholar

[21] RAMSEY, F. P., 1928. A mathematical theory of saving. The economic journal, 38(152), 543–559. Search in Google Scholar

[22] ROMER, P. M., 1986. Increasing returns and long-run growth. Journal of political economy, 94(5), 1002–1037. Search in Google Scholar

[23] ROMER, P. M., 1990. Endogenous technological change. Journal of political Economy, 98(5, Part 2), S71–S102. Search in Google Scholar

[24] SILAJDZIC, S. and E. MEHIC, 2015. Knowledge Spillovers, Absorptive Capacities and the Impact of FDI on Economic Growth: Empirical Evidence from Transition Economies. Procedia - Social and Behavioral Sciences, 195, 614–623. https://doi.org/10.1016/j.sbspro.2015.06.142 Search in Google Scholar

[25] SOLOW, R. M., 1956. A contribution to the theory of economic growth. The quarterly journal of economics, 70(1), 65–94. Search in Google Scholar

[26] TFDİS, 2021. Türkiye’s Foreign Direct Investment Strategy (2021-2023). https://www.invest.gov.tr/en/pages/Türkiye-fdi-strategy.aspx Search in Google Scholar

[27] ZIVOT, E. and D. Andrews, 1992. Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis. Journal of Business & Economic Statistics, 10(3), 251–270. https://econpapers.repec.org/article/besjnlbes/v_3a10_3ay_3a1992_3ai_3a3_3ap_3a251-70.htm Search in Google Scholar