Research Article


FDI and Economic Growth: The Role of Economic Freedom

Burcu Şenalp

In this study, we examine the effects of economic freedom and foreign direct investment (FDI) on economic growth. We utilized a panel of 83 developed and developing countries over the period 1970 to 2009. We observed that, including the interaction term of economic freedom and FDI makes the estimation results more powerful. In other words, our findings show that economic freedom does have a power to affect economic performance through FDI. 

JEL Classification : F21 , O43

Doğrudan yabancı yatırımlar ve ekonomik büyüme: Ekonomik özgürlüğün rolü

Burcu Şenalp

Bu çalışmanın amacı doğrudan yabancı yatırımlar (DYY) ve ekonomik özgürlüğün, ekonomik büyüme üzerine etkisini incelemektir. Analiz, Fraser Enstitüsü ve Heritage Vakfı tarafından oluşturulan birbirinden farklı iki önemli ekonomik özgürlük endeksine dayanmaktadır. Çalışmada, doğrudan yabancı yatırımların ekonomik büyüme üzerindeki doğrudan etkisinin yanısıra, DYY ile ekonomik özgürlük etkileşimi üzerinden dolaylı etkisi de analiz edilmiştir. 1970-2009 yılları arasında toplam seksen üç gelişmiş ve gelişmekte olan ülkenin dahil edildiği panel veri seti kullanılarak, En Küçük Kareler Yöntemi ve Sabit Etkiler Modeli gibi farklı panel veri analiz tekniklerinin kullanıldığı çalışmamız, DYY ile ekonomik büyüme arasında pozitif bir ilişkinin varlığını ortaya koymaktadır. Bunun yanında, ekonomik özgürlüğün, DYY üzerinden ekonomik büyümeyi etkilediği, fakat bu etkinin büyüklüğü Fraser Enstitüsü ve Heritage Vakfı tarafından sağlanan endeksler için farklı olduğu bulunmuştur. 

JEL Classification : F21 , O43

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APA

Şenalp, B. (2019). FDI and Economic Growth: The Role of Economic Freedom. Journal of Economic Policy Researches, 6(1), 54-73. https://doi.org/null


AMA

Şenalp B. FDI and Economic Growth: The Role of Economic Freedom. Journal of Economic Policy Researches. 2019;6(1):54-73. https://doi.org/null


ABNT

Şenalp, B. FDI and Economic Growth: The Role of Economic Freedom. Journal of Economic Policy Researches, [Publisher Location], v. 6, n. 1, p. 54-73, 2019.


Chicago: Author-Date Style

Şenalp, Burcu,. 2019. “FDI and Economic Growth: The Role of Economic Freedom.” Journal of Economic Policy Researches 6, no. 1: 54-73. https://doi.org/null


Chicago: Humanities Style

Şenalp, Burcu,. FDI and Economic Growth: The Role of Economic Freedom.” Journal of Economic Policy Researches 6, no. 1 (Nov. 2022): 54-73. https://doi.org/null


Harvard: Australian Style

Şenalp, B 2019, 'FDI and Economic Growth: The Role of Economic Freedom', Journal of Economic Policy Researches, vol. 6, no. 1, pp. 54-73, viewed 30 Nov. 2022, https://doi.org/null


Harvard: Author-Date Style

Şenalp, B. (2019) ‘FDI and Economic Growth: The Role of Economic Freedom’, Journal of Economic Policy Researches, 6(1), pp. 54-73. https://doi.org/null (30 Nov. 2022).


MLA

Şenalp, Burcu,. FDI and Economic Growth: The Role of Economic Freedom.” Journal of Economic Policy Researches, vol. 6, no. 1, 2019, pp. 54-73. [Database Container], https://doi.org/null


Vancouver

Şenalp B. FDI and Economic Growth: The Role of Economic Freedom. Journal of Economic Policy Researches [Internet]. 30 Nov. 2022 [cited 30 Nov. 2022];6(1):54-73. Available from: https://doi.org/null doi: null


ISNAD

Şenalp, Burcu. FDI and Economic Growth: The Role of Economic Freedom”. Journal of Economic Policy Researches 6/1 (Nov. 2022): 54-73. https://doi.org/null



TIMELINE


Submitted17.07.2018
Published Online22.01.2019

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