Dissertations and Theses
Date of Award
2018
Document Type
Thesis
Department
Economics and Business
First Advisor
Kevin Foster
Second Advisor
John Schmitz
Keywords
FDI, Turkey, Economics
Abstract
This thesis investigates the relationship between Foreign Direct Investment (FDI) and domestic investment in Turkey during 2005Q1-2016Q2 to see if there is a crowding-in or crowding-out relationship. Sectoral FDI data for manufacturing, agriculture and service are employed and gross fixed capital formation is used as a proxy for domestic investment. GDP and export are used as control variables. A VAR model estimates negative coefficients of sectoral FDI on domestic investment indicating that there is some crowding-out in Turkey during 2005Q1-2016Q2 although not one-for-one. These negative effects are concentrated in the manufacturing sector.
Recommended Citation
Erkan, Selin, "Exploring the Relation Between Sectoral Foreign Direct Investment and Domestic Investment: Case for Turkey" (2018). CUNY Academic Works.
https://academicworks.cuny.edu/cc_etds_theses/756