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Journals / Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi / 2014 / Cilt: 28 - Sayı: 1

The ımpact of trade openness and fınancıal development on foreıgn dırect ınvestment: A dynamıc panel data analysıs on OECD countrıes

Ticari açıklık ve finansal gelişmenin doğrudan yabancı yatırımlar üzerindeki etkisi: OECD ülkeleri üzerine dinamik panel veri analizi

Murat ÇETİN
Fahri SEKER
Pages
124–148
Publication Date
2022-10-11
DOI
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AI Summary & Key Takeaways

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

This paper may also provide some policy implications.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The purpose of this paper is to empirically investigate the impact of trade openness and financial development on foreign direct investment in OECD countries over the period 1996-2011.
📊
Key Findings & Data:By using the system- GMM estimator suggested for linear dynamic panel data models, we find that trade openness and financial development are positively associated with foreign direct investment in the long-run.
💡
Conclusion & Impact:This paper may also provide some policy implications.
🔬Design:Modeling & Simulation
📍Scope:2011 Verileri
⚙️Variables:Domain Parameters

Abstract

The purpose of this paper is to empirically investigate the impact of trade openness and financial development on foreign direct investment in OECD countries over the period 1996-2011. By using the system- GMM estimator suggested for linear dynamic panel data models, we find that trade openness and financial development are positively associated with foreign direct investment in the long-run. By using Granger causality test based on panel VAR model, we also determine the causal relationship running from these variables to foreign direct investment over the period. Thus, the empirical results imply that trade openness and financial development are the determinants of foreign direct investment in OECD countries. This paper may also provide some policy implications.

Özet

Bu çalışmanın amacı, 1996-2011 döneminde OECD ülkeleri için ticari açıklık ve finansal gelişmenin doğrudan yabancı yatırımlar üzerindeki etkisini ampirik olarak araştırmaktır. Lineer panel veri modelleri için önerilen sistem GMM tahmincisi kullanılarak, ticari açıklık ve finansal gelişme değişkenlerinin uzun dönemde doğrudan yabancı yatırımlar ile pozitif olarak ilişkili olduğu belirlenmiştir. Panel VAR modeline dayalı Granger nedensellik test sonuçları ise bu değişkenlerden doğrudan yabancı yatırımlara doğru işleyen bir nedensellik tespit etmiştir. Böylece, ampirik sonuçlar OECD ülkelerinde ticari açıklık ve finansal gelişmenin doğrudan yabancı yatırımların belirleyicileri olduğunu ortaya koymaktadır. Bu çalışma, bazı politika çıkarımları sunabilmektedir.

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Cite This Article

ÇETİN, M., SEKER, F. (2022). The ımpact of trade openness and fınancıal development on foreıgn dırect ınvestment: A dynamıc panel data analysıs on OECD countrıes. Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, Cilt: 28 - Sayı: 1, 124–148. https://ajindex.com/articles/453553

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