The Relationship Between Economic Growth and Foreign Direct Investment in The Turkic Republics

被引:0
|
作者
Kazak, Hasan [1 ]
Akcan, Ahmet Tayfur [1 ]
Iyibildiren, Mustafa [1 ]
机构
[1] Necmettin Erbakan Univ, Konya, Turkiye
关键词
Turkic Republics; Foreign Direct Investment; Economic Growth; Panel Data Analysis; FINANCIAL DEVELOPMENT; EMPIRICAL-EVIDENCE; FDI; BANKING; IMPACT; TECHNOLOGY; EFFICIENCY; DETERMINANTS; STABILITY; COUNTRIES;
D O I
10.17233/sosyoekonomi.2024.04.08
中图分类号
F [经济];
学科分类号
02 ;
摘要
This research examines the correlation between economic growth and foreign direct investment (FDI) data of the Turkic Republics, namely Kazakhstan, Uzbekistan, Azerbaijan, T & uuml;rkiye, and Kyrgyzstan, over the period from 1993 to 2022 through a meticulous panel data analysis. The results of the panel, Fourier Toda Yamamoto test, reveal a reciprocal causality between economic growth and FDI, especially in Azerbaijan. In the case of Uzbekistan, the study finds that FDI plays a catalytic role in inducing economic growth. The panel Fourier cointegration test carried out for all the countries studied confirms a cointegration relationship among the variables in all the countries studied.
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页数:22
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