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Journals / Uluslararası İktisadi ve İdari İncelemeler Dergisi / 2017 / Sayı: 19

EFFECT OF CORRUPTION ON FDI IN TRANSITION ECONOMIES: EVIDENCE FROM CAUSALITY ANALYSIS

OKTAY KIZILKAYA
Pages
25–41
DOI
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AI Summary & Key Takeaways

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

According to findings of this study, raising foreign direct investment inflows is seen as an important strategy for countries to reduce corruption.

📌 3 Key Takeaways

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Objective & Hypothesis:New opportunities are emerging for countries which want to invest abroad with the diffusion of globalization.
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Key Findings & Data:Within this perspective, corruption and FDI relation for Central and Eastern (1996-2013) and former Soviet Union (1998-2013) countries called “Transition Economies” were analyzed separately in this study.
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Conclusion & Impact:According to findings of this study, raising foreign direct investment inflows is seen as an important strategy for countries to reduce corruption.
🔬Design:Research Article
📍Scope:2013 Verileri
⚙️Variables:Yolsuzluk · DYY · Orta ve Doğu Avrupa Ülkeleri

Abstract

New opportunities are emerging for countries which want to invest abroad with the diffusion of globalization. Most countries lay emphasis on some factors which make them profitable to attract foreign direct investment for possible sustainable economic growth. The decision of a company which is investing in foreign countries instead of their country can be explained with various reasons. Countries with least corruption level provide convenient atmosphere for foreign investors. These countries are expected to attract desired amount of FDI. Within this perspective, corruption and FDI relation for Central and Eastern (1996-2013) and former Soviet Union (1998-2013) countries called “Transition Economies” were analyzed separately in this study. At first, a positive effect of corruption on FDI was found and then a negative effect emerged, this relation was unidirectional and from corruption to FDI. According to findings of this study, raising foreign direct investment inflows is seen as an important strategy for countries to reduce corruption.

Özet

Küreselleşme ile birlikte yurt dışında yatırım yapmak isteyen firmalara yönelik olarak yeni fırsatlar ortaya çıkmaktadır. Çoğu ülke ekonomik büyümeyi sürdürülebilir kılmak için DYY’yi (Doğrudan Yabancı Yatırımlar) çekmede avantajlı konumda olduğu bazı faktörler üzerinde durmaktadır. Bir firmanın kendi ülkesi dışında başka ülkede yatırım yapma kararı farklı gerekçelerle açıklanabilir. Fakat en az yolsuzluk seviyesine sahip ülkelerden yatırımlar için daha elverişli bir yatırım iklimi sağlamasından dolayı arzu edilen miktarda DYY çekebilmesi beklenmektedir. Bu bakış çerçevesinde çalışmada yolsuzluk ve DYY arasındaki ilişki “Geçiş Ekonomileri” olarak adlandırılan Orta ve Doğu Avrupa ülkeleri (1996-2013) ile Eski Sovyetler Birliği ülkeleri (1998-2013) için panel veri yöntemi ile ayrı ayrı araştırılmıştır. Çalışmada yolsuzluğun DYY üzerinde önce pozitif ardından negatif bir etkisi olduğu görülmüş ve bu ilişkinin yolsuzluktan DYY’ye doğru tek yönlü olduğu bulgusuna ulaşılmıştır. Çalışmanın bulgularına göre ülkelerin DYY girişlerini artırmaları için yolsuzluğun azaltılması önemli bir strateji olarak görülmektedir.

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Cite This Article

KIZILKAYA, O. (2017). EFFECT OF CORRUPTION ON FDI IN TRANSITION ECONOMIES: EVIDENCE FROM CAUSALITY ANALYSIS. Uluslararası İktisadi ve İdari İncelemeler Dergisi, Sayı: 19, 25–41. https://ajindex.com/articles/322651

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