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Journals / Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi / 2020 / Cilt: 24 - Sayı: 3

The Effect of Foreign Portfolio Investments on Economic Growth: An Application For Turkey

Yabancı Portföy Yatırımlarının Ekonomik Büyüme Üzerindeki Etkisi: Türkiye Üzerine Bir Uygulama

Sevda YAPRAKLI
Pages
1313–1329
Publication Date
2020-09-30
DOI
—
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AI Summary & Key Takeaways

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

According to the results, economic growth is positively affected by net foreign portfolio and fixed capital investments and net exports in the short run and in the long run.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The main purpose of this paper is to examine the effect of foreign portfolio investments on economic growth in Turkish economy.
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Key Findings & Data:For this purpose, using data from the period of 1986-2019, the effects of net foreign portfolio and fixed capital investments and net exports on economic growth are analyzed econometrically by employing unit root and multiple breakpoint tests, multivariate cointegration analysis and vector error correction model.
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Conclusion & Impact:According to the results, economic growth is positively affected by net foreign portfolio and fixed capital investments and net exports in the short run and in the long run.
🔬Design:Modeling & Simulation
📍Scope:2019 Verileri
⚙️Variables:Foreign Portfolio Investment · Fixed Capital Investment

Abstract

The main purpose of this paper is to examine the effect of foreign portfolio investments on economic growth in Turkish economy. For this purpose, using data from the period of 1986-2019, the effects of net foreign portfolio and fixed capital investments and net exports on economic growth are analyzed econometrically by employing unit root and multiple breakpoint tests, multivariate cointegration analysis and vector error correction model. According to the results, economic growth is positively affected by net foreign portfolio and fixed capital investments and net exports in the short run and in the long run. However, the estimation results show that the positive effect of foreign portfolio investments on economic growth is much lower low compared to other variables.

Özet

Bu çalışmanın temel amacı, Türkiye ekonomisinde yabancı portföy yatırımlarının ekonomik büyüme üzerindeki etkisini incelemektir. Bu amaçla 1986-2019 dönemine ait veriler kullanılarak, net yabancı portföy ve sabit sermaye yatırımları ile net ihracatın ekonomik büyüme üzerindeki etkileri, birim kök ve çoklu yapısal kırılma testi, çok değişkenli eş-bütünleşme analizi ve vektör hata düzeltme modeli ile ekonometrik açıdan analiz edilmektedir. Analiz sonuçlarına göre hem kısa hem de uzun dönemde ekonomik büyüme net yabancı portföy ve sabit sermaye yatırımları ile net ihracattan pozitif olarak etkilenmektedir. Ancak tahmin sonuçları, yabancı portföy yatırımlarının ekonomik büyüme üzerindeki pozitif etkisinin diğer değişkenlerle karşılaştırıldığında çok daha düşük düzeyde kaldığını göstermektedir.

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Cite This Article

YAPRAKLI, S. (2020). The Effect of Foreign Portfolio Investments on Economic Growth: An Application For Turkey. Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, Cilt: 24 - Sayı: 3, 1313–1329. https://ajindex.com/articles/82557

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