IMPACT OF FOREIGN CAPITAL INFLOWS ON DOMESTIC INVESTMENTS: A PANEL DATA ANALYSIS FOR SELECTED DEVELOPING COUNTRIES

dc.contributor.authorBoğa, Semra
dc.date.accessioned2025-01-06T17:24:13Z
dc.date.available2025-01-06T17:24:13Z
dc.date.issued2019
dc.departmentAdana Alparslan Türkeş Bilim ve Teknoloji Üniversitesi
dc.description.abstractThis paper empirically analyzes the relationship between the foreign capital inflowsand domestic investment in 14 developing countries -Bangladesh, Botswana, Brazil, China,India, Indonesia, Mexico, Morocco, Pakistan, Peru, Philippines, South Africa, Thailand,and Turkey- over the period 1990-2017. Pesaran’s Cross-Section Dependence Testwas performed to test the correlation and IPS Unit Root Test was applied to reveal thestationarity level between the units. Dumitrescu and Hurlin’s Granger Panel Causality testresults confirmed a one-way causality from Portfolio Investment (PRF) to Gross Fixed CapitalFormation (GFC) and a bidirectional causality between GFC and Gross Domestic Product(GDP), GFC and Foreign Direct Investment (FDI), GFC and Foreign Loans (LNS) in theshort-term. Long-term relationships between the variables were tested with the DOLSMGestimator. According to the test results; a 1% rise in FDI decreases GFC by 0.59 %, a 1%rise in GDP increases GFC by 0.45 %, a 1% rise in PRF increases GFC by 1.68 %, and a1% rise in LNS boosts GFC by 2.12 %.
dc.identifier.endpage155
dc.identifier.issn1300-1981
dc.identifier.issn2651-351X
dc.identifier.issue114
dc.identifier.startpage135
dc.identifier.trdizinid329341
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/329341
dc.identifier.urihttps://hdl.handle.net/20.500.14669/1121
dc.identifier.volume0
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofSayıştay Dergisi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241211
dc.titleIMPACT OF FOREIGN CAPITAL INFLOWS ON DOMESTIC INVESTMENTS: A PANEL DATA ANALYSIS FOR SELECTED DEVELOPING COUNTRIES
dc.typeArticle

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