Year 2019, Volume , Issue 22, Pages 251 - 266 2019-01-01

ANALYSIS OF FOREIGN DIRECT INVESTMENT IN FOOD PRODUCT SECTOR IN TURKEY
ANALYSIS OF FOREIGN DIRECT INVESTMENT IN FOOD PROUCT SECTOR IN TURKEY

Ferhat ÇITAK [1] , Patricia DUFFY [2]

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This paper analyzes the determinants of Foreign Direct Investment (FDI) in the food products sector in Turkey.  An Autoregressive Distributed Lag (ARDL) model is applied to the monthly data over the period of January 2009 to December 2016. In the model, FDI inflows are modeled as a function of the degree of openness, exchange rate, export price, and wage rate. The empirical results confirm there is an evidence of a long-run equilibrium relationship among these variables in Turkey. Findings indicate that the degree of openness and export price have a positive sign and are statistically significant, while the wage rate has a negative sign and is statistically significant. The error correction term (ECT) of the estimated model is negative (0,92) and statistically significant which indicates that deviations of actual FDI from the previous period’s shock will be converged to the long-run equilibrium. 

Bu makalede, Türkiye’ye gıda sektöründe yapılan doğrudan yabancı sermaye yatırımları, ARDL metodu ile 2009-2016 yılları arası dönemde aylık veriler kullanılarak analiz edilmeye çalışılmıştır. Çalışmada; bağımlı değişken olarak doğrudan yabancı sermaye yatırımları ve bağımsız değişkenler olarak da ticaret açıklığı, döviz kuru, ihracat fiyatı ve ücret oranı verilerinden yararlanılmıştır. Çalışmanın sonuçlarına göre, incelenen faktörlerden ticaret açıklığı ve ihracat fiyatı gıda sektörüne yapılan yabancı sermaye yatırımlarını pozitif etkilerken, ücret oranı arttıkça yabancı sermaye yatırımları azaltmaktadır. Hata düzeltme teriminin katsayısı, istatistiki olarak anlamlı ve beklenildiği gibi negatiftir.  Bu değer, kısa dönemde meydana gelecek şoklar nedeniyle uzun dönemde meydana gelen dengeden sapmanın %92’sinin bir dönem sonra yani bir ay sonra dengeye yakınsayarak düzeleceğini belirtmektedir. Son olarak, CUSUM ve CUSUMQ testlerinden elde edilen eğriler, %5 güven aralığı içerisinde olduğundan dolayı ARDL modeli analizinden elde edilen katsayılar istikrarlıdır.

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Primary Language en
Subjects Social
Journal Section Articles
Authors

Orcid: 0000-0003-4978-5251
Author: Ferhat ÇITAK (Primary Author)
Institution: HITIT UNIVERSITY
Country: Turkey


Author: Patricia DUFFY

Bibtex @research article { ulikidince471099, journal = {Uluslararası İktisadi ve İdari İncelemeler Dergisi}, issn = {1307-9832}, eissn = {1307-9859}, address = {Kenan ÇELİK}, year = {2019}, volume = {}, pages = {251 - 266}, doi = {10.18092/ulikidince.471099}, title = {ANALYSIS OF FOREIGN DIRECT INVESTMENT IN FOOD PRODUCT SECTOR IN TURKEY}, key = {cite}, author = {ÇITAK, Ferhat and DUFFY, Patricia} }
APA ÇITAK, F , DUFFY, P . (2019). ANALYSIS OF FOREIGN DIRECT INVESTMENT IN FOOD PRODUCT SECTOR IN TURKEY. Uluslararası İktisadi ve İdari İncelemeler Dergisi, (22), 251-266. DOI: 10.18092/ulikidince.471099
MLA ÇITAK, F , DUFFY, P . "ANALYSIS OF FOREIGN DIRECT INVESTMENT IN FOOD PRODUCT SECTOR IN TURKEY". Uluslararası İktisadi ve İdari İncelemeler Dergisi (2019): 251-266 <http://dergipark.gov.tr/ulikidince/issue/38199/471099>
Chicago ÇITAK, F , DUFFY, P . "ANALYSIS OF FOREIGN DIRECT INVESTMENT IN FOOD PRODUCT SECTOR IN TURKEY". Uluslararası İktisadi ve İdari İncelemeler Dergisi (2019): 251-266
RIS TY - JOUR T1 - ANALYSIS OF FOREIGN DIRECT INVESTMENT IN FOOD PRODUCT SECTOR IN TURKEY AU - Ferhat ÇITAK , Patricia DUFFY Y1 - 2019 PY - 2019 N1 - doi: 10.18092/ulikidince.471099 DO - 10.18092/ulikidince.471099 T2 - Uluslararası İktisadi ve İdari İncelemeler Dergisi JF - Journal JO - JOR SP - 251 EP - 266 VL - IS - 22 SN - 1307-9832-1307-9859 M3 - doi: 10.18092/ulikidince.471099 UR - https://doi.org/10.18092/ulikidince.471099 Y2 - 2018 ER -
EndNote %0 International Journal of Economics and Administrative Studies ANALYSIS OF FOREIGN DIRECT INVESTMENT IN FOOD PRODUCT SECTOR IN TURKEY %A Ferhat ÇITAK , Patricia DUFFY %T ANALYSIS OF FOREIGN DIRECT INVESTMENT IN FOOD PRODUCT SECTOR IN TURKEY %D 2019 %J Uluslararası İktisadi ve İdari İncelemeler Dergisi %P 1307-9832-1307-9859 %V %N 22 %R doi: 10.18092/ulikidince.471099 %U 10.18092/ulikidince.471099
ISNAD ÇITAK, Ferhat , DUFFY, Patricia . "ANALYSIS OF FOREIGN DIRECT INVESTMENT IN FOOD PRODUCT SECTOR IN TURKEY". Uluslararası İktisadi ve İdari İncelemeler Dergisi / 22 (January 2019): 251-266. https://doi.org/10.18092/ulikidince.471099