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Journals / Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2026 / Cilt: 40 Sayı: 3

EFFECT OF FOREİGN DİRECT INVESTMENT ON COMPETITIVENESS IN MANUFACTURING INDUSTRY: AN EMPIRICAL ANALYSIS ON TURKEY

İMALAT SANAYİNDE DOĞRUDAN YABANCI YATIRIMLARIN REKABET GÜCÜNE ETKİSİ: TÜRKİYE ÜZERİNE AMPİRİK BİR ANALİZ

Gökhan Demirtaş(Afyon Kocatepe Üniversitesi)0000-0002-6757-5613
Ali İhsan Artık(AFYON KOCATEPE ÜNİVERSİTESİ)0000-0001-7265-2962
Pages
566–586
Publication Date
2022-09-30
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Therefore, policymakers should plan foreign direct investment as an efficient technology transfer channel.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study aims to examine the effect of foreign direct investment on competitiveness using time series analysis.
📊
Key Findings & Data:The study covers quarterly data from the manufacturing sector of Turkey for the period 2005Q1-2019Q4.
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Conclusion & Impact:Therefore, policymakers should plan foreign direct investment as an efficient technology transfer channel.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Doğrudan Yabancı Yatırımlar · Rekabet Gücü · ARDL Model

Abstract

This study aims to examine the effect of foreign direct investment on competitiveness using time series analysis. For this purpose, the autoregressive distributed lag (ARDL) model based on the least squares method is applied due to the variables with different integration orders. The study covers quarterly data from the manufacturing sector of Turkey for the period 2005Q1-2019Q4. The competitiveness as the dependent variable is calculated according to the revealed comparative advantages. In addition, the model includes foreign direct investment, real effective exchange rate, and productivity series as explanatory variables. All time series are seasonally adjusted with TRAMO/SEATS method. The main result of the study shows that foreign direct investment does not have a significant effect on competitiveness in both the short and long term. This finding may indicate that foreign direct investments in the manufacturing industry in Turkey are investments in the form of mergers and acquisitions directed to the domestic market. Therefore, policymakers should plan foreign direct investment as an efficient technology transfer channel.

Özet

Bu çalışmanın amacı, doğrudan yabancı yatırımların rekabet gücüne etkisini zaman serisi analizi ile incelemektir. Bu amaçla, farklı entegrasyon derecesine sahip değişkenler nedeniyle en küçük kareler yöntemine dayalı gecikmesi dağıtılmış otoregresif (ARDL) model uygulanmıştır. Çalışma, Türkiye imalat sektörüne ait 2005Q1-2019Q4 dönemi üç aylık verileri kapsamaktadır. Bağımlı değişken olarak rekabet gücü, açıklanmış karşılaştırmalı üstünlüklere göre hesaplanmıştır. Ayrıca model, açıklayıcı değişkenler olarak doğrudan yabancı yatırımları, reel efektif döviz kuru ve verimlilik serilerini içermektedir. Tüm zaman serileri, TRAMO/SEATS xyöntemine göre mevsimsellikten arındırılmıştır. Çalışmanın temel sonucu, doğrudan yabancı yatırımın rekabet gücü üzerinde hem kısa hem de uzun vadede anlamlı bir etkisinin olmadığını göstermektedir. Bu bulgu, Türkiye'de imalat sanayine yapılan doğrudan yabancı yatırımların iç piyasaya yönelik birleşme ve devralma şeklinde yatırımlar olduğunu gösterebilir. Bu nedenle politika yapıcılar, doğrudan yabancı yatırımları verimli bir teknoloji transfer kanalı olarak planlamalıdır.

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Cite This Article

Demirtaş, G., Artık, A. İ. (2022). EFFECT OF FOREİGN DİRECT INVESTMENT ON COMPETITIVENESS IN MANUFACTURING INDUSTRY: AN EMPIRICAL ANALYSIS ON TURKEY. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 40 Sayı: 3, 566–586. https://doi.org/10.17065/huniibf.984048

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