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TÜRKİYE’DE EKONOMİK KARMAŞIKLIK ENDEKSİ (ECI) VE DOĞRUDAN YABANCI YATIRIM İLİŞKİSİ

Year 2022, Volume: 5 Issue: 2, 235 - 251, 30.11.2022

Ömer Doru

https://doi.org/10.55119/artuklu.1200656
Cited By: 1

Abstract

Bu çalışmada, Türkiye ekonomisinde ekonomik karmaşıklık ve doğrudan yabancı yatırım (DYY) girişleri arasındaki ilişkinin analizi amaçlanmıştır. 1995-2020 yılları arasındaki dönemin baz alındığı çalışmada eş-bütünleşme ve nedensellik analizi yapılmıştır. Değişkenler arasında eş-bütünleşme ilişkisi tespit edilmiş olup, uzun dönem katsayıların tespiti için FMOLS, DOLS ve CCR analizleri yapılmıştır. Buna göre DYY girişleri, ticari açıklık oranı ve patent başvuru sayılarının ekonomik karmaşıklık üzerinde pozitif ve istatistiki olarak anlamlı etkisi olduğu tespit edilmiştir. Granger nedensellik analizi sonuçları ise, ekonomik karmaşıklık değişkeninden DYY değişkenine doğru tek yönlü bir nedensellik ilişkisi olduğunu göstermektedir.

Keywords

Ekonomik karmaşıklık DYY Eş-bütünleşme FMOLS Granger Nedensellik

References

  • ANTONİETTİ, R., & FRANCO, C. (2021). From FDI to economic complexity: a panel Granger causality analysis. Structural Change and Economic Dynamics, 56, 225-239.
  • BALAC, M. (2015). Foreign Direct Investment and economic complexity in developing countries: A panel-data analysis. Available at SSRN.
  • BAYAR, İ. (2022). Ekonomik Karmaşıklık İndeksi ve Ekonomik Büyüme: CIVETS Ülkelerinden Ampirik Kanıtlar. Uluslararası İktisadi ve İdari İncelemeler Dergisi, (36), 237-251.
  • BREITENBACH, M. C., CHISADZA, C., & CLANCE, M. (2022). The Economic Complexity Index (ECI) and output volatility: High vs. low income countries. The Journal of International Trade & Economic Development, 31(4), 566-580
  • BREİTENBACH, M. C., CHISADZA, C., & CLANCE, M. (2022). The Economic Complexity Index (ECI) and output volatility: High vs. low income countries. The Journal of International Trade & Economic Development, 31(4), 566-580.
  • BRITTO, G., ROMERO, J. P., FREITAS, E., & COELHO, C. (2019). The great divide: economic complexity and development paths in Brazil and the Republic of Korea. Cepal Review.
  • CHÁVEZ, J. C., MOSQUEDA, M. T., & GÓMEZ-ZALDIVAR, M. (2017). Economic complexity and regional growth performance: Evidence from the Mexican Economy. Review of Regional Studies, 47(2), 201-219.
  • CUI, L., Weng, S., Nadeem, A. M., Rafique, M. Z., & Shahzad, U. (2022). Exploring the role of renewable energy, urbanization and structural change for environmental sustainability: Comparative analysis for practical implications. Renewable Energy, 184, 215-224.
  • ÇEŞTEPE, H., & ÇAĞLAR, O. (2017). Ürün sofistikasyonu ve ekonomik büyüme ilişkisi: Panel veri analizi. Uluslararası Yönetim İktisat ve İşletme Dergisi, 13(13), 992-1000.
  • DICKEY, D. A., & FULLER, W. A. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica: journal of the Econometric Society, 1057-1072.
  • ERTAN ÖZGÜZER, G., & OĞUŞ-BİNATLI, A. (2016). Economic convergence in the EU: A complexity approach. Eastern European Economics, 54(2), 93-108.
  • FERRARINI, B., & SCARAMOZZINO, P. (2016). Production complexity, adaptability and economic growth. Structural change and economic dynamics, 37, 52-61.
  • FERRAZ, D., COSTA, N. J. D., MORALLES, H. F., & REBELATTO, D. A. D. N. (2018). The effect of absorptive capacity (ABS) and foreign direct investment (FDI) on the economic complexity of Brazilian municipalities. The English & Commonwealth Law Abstracts Journal, 9, 1-27.
  • GALA, P., ROCHA, I., & MAGACHO, G. (2018). The structuralist revenge: economic complexity as an important dimension to evaluate growth and development. Brazilian journal of political economy, 38, 219-236.
  • GÓMEZ-ZALDÍVAR, M., LLAMOSAS-ROSAS, I., & GÓMEZ-ZALDÍVAR, F. (2021). The Relationship between Economic Complexity and the Pattern of Foreign Direct Investment Flows among Mexican States. Review of Regional Studies, 51(1), 64-88.
  • GRANGER, C. W. (1969). Investigating causal relations by econometric models and cross-spectral methods. Econometrica: journal of the Econometric Society, 424-438.
  • HAUSMANN, R., HIDALGO, C. A., BUSTOS, S., COSCIA, M., & SIMOES, A. (2014). The atlas of economic complexity: Mapping paths to prosperity. Mit Press.
  • HAUSMANN, R., HWANG, J., & RODRIK, D. (2007). What you export matters. Journal of economic growth, 12(1), 1-25.
  • HAUSMANN, R., MORALES, J. R., & SANTOS, M. A. (2016). Economic Complexity in Panama: Assessing opportunities for productive diversification (No. rwp16-046).
  • HIDALGO, C. A., & HAUSMANN, R. (2009). The building blocks of economic complexity. Proceedings of the national academy of sciences, 106(26), 10570-10575.
  • JOHANSEN, S., & JUSELIUS, K. (1990). Maximum likelihood estimation and inference on cointegration—with appucations to the demand for money. Oxford Bulletin of Economics and statistics, 52(2), 169-210.
  • KARABIYIK, C. (2021). Ekonomik Kompleksite ve Doğrudan Yabancı Sermaye Yatırımları İlişkisi: BRICS-T Ülkeleri Üzerine Bir Panel Veri Analizi. Yaşar Üniversitesi E-Dergisi, 16(63), 1133-1149.
  • KHAN, H., KHAN, U., & KHAN, M. A. (2020). Causal nexus between economic complexity and FDI: Empirical evidence from time series analysis. The Chinese Economy, 53(5), 374-394.
  • KILIÇ, C., & BALAN, F. (2019). Economic Complexity and Economic Growth: Panel ARDL Analysis for Selected OECD Coutries. In Applied Economics and Finance & Extended with Social Sciences Conference Full Paper Proceedings içinde (ss. 96-105) (Vol. 9, No. 11).
  • LAPATINAS, A. (2016). Economic complexity and human development: A note. Economics Bulletin, 36(3), 1441-1452.
  • LEE, K. K., & VU, T. V. (2020). Economic complexity, human capital and income inequality: a cross-country analysis. The Japanese Economic Review, 71(4), 695-718.
  • NGUYEN, C. P., & SU, T. D. (2021). Economic integration and economic complexity: The role of basic resources in absorptive capability in 40 selected developing countries. Economic Analysis and Policy, 71, 609-625.
  • PARK, J. Y. (1992). Canonical cointegrating regressions. Econometrica: Journal of the Econometric Society, 119-143.
  • PHILLIPS, P. C., & HANSEN, B. E. (1990). Statistical inference in instrumental variables regression with I (1) processes. The Review of Economic Studies, 57(1), 99-125.
  • PHILLIPS, P. C., & PERRON, P. (1988). Testing for a unit root in time series regression. Biometrika, 75(2), 335-346.
  • ROMER, P.M. (1993), “Two Strategies for Economic Development: Using Ideas and Producing Ideas”, Proceeding of the World Bank Annual Conference on Development Economics 1992. Washington D.C.: World Bank, ss.63-98.
  • SADEGHI, P., SHAHRESTANI, H., KIANI, K. H., & TORABI, T. (2020). Economic complexity, human capital, and FDI attraction: A cross country analysis. International Economics, 164, 168-182.
  • STOCK, J. H., & WATSON, M. W. (1993). A simple estimator of cointegrating vectors in higher order integrated systems. Econometrica: journal of the Econometric Society, 783-820.
  • STOJKOSKI, V., & KOCAREV, L. (2017). The relationship between growth and economic complexity: evidence from Southeastern and Central Europe.
  • ŞAHİN, D., & DURMUŞ, S. (2020). Yeni sanayileşen ülkelerde ekonomik kompleksite düzeyinin belirleyicileri. Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi, 10(2), 334-351.
  • UDEOGU, E., ROY-MUKHERJEE, S., & AMAKOM, U. (2021). Does Increasing Product Complexity and Diversity Cause Economic Growth in the Long-Run? A GMM Panel VAR Evidence. Sage Open, 11(3), 21582440211032918.
  • YILDIZ, G., & YILDIZ, B. (2019). Ekonomik Karmaşıklık ile Ekonomik Büyüme Arasındaki İlişki: Panel Bootstrap Granger Nedensellik Analizi. Uluslararası Yönetim İktisat ve İşletme Dergisi, 15(2), 329-340.
  • ZHU, S., & LI, R. (2017). Economic complexity, human capital and economic growth: empirical research based on cross-country panel data. Applied Economics, 49(38), 3815-3828.

Year 2022, Volume: 5 Issue: 2, 235 - 251, 30.11.2022

Ömer Doru

https://doi.org/10.55119/artuklu.1200656
Cited By: 1

Abstract

References

  • ANTONİETTİ, R., & FRANCO, C. (2021). From FDI to economic complexity: a panel Granger causality analysis. Structural Change and Economic Dynamics, 56, 225-239.
  • BALAC, M. (2015). Foreign Direct Investment and economic complexity in developing countries: A panel-data analysis. Available at SSRN.
  • BAYAR, İ. (2022). Ekonomik Karmaşıklık İndeksi ve Ekonomik Büyüme: CIVETS Ülkelerinden Ampirik Kanıtlar. Uluslararası İktisadi ve İdari İncelemeler Dergisi, (36), 237-251.
  • BREITENBACH, M. C., CHISADZA, C., & CLANCE, M. (2022). The Economic Complexity Index (ECI) and output volatility: High vs. low income countries. The Journal of International Trade & Economic Development, 31(4), 566-580
  • BREİTENBACH, M. C., CHISADZA, C., & CLANCE, M. (2022). The Economic Complexity Index (ECI) and output volatility: High vs. low income countries. The Journal of International Trade & Economic Development, 31(4), 566-580.
  • BRITTO, G., ROMERO, J. P., FREITAS, E., & COELHO, C. (2019). The great divide: economic complexity and development paths in Brazil and the Republic of Korea. Cepal Review.
  • CHÁVEZ, J. C., MOSQUEDA, M. T., & GÓMEZ-ZALDIVAR, M. (2017). Economic complexity and regional growth performance: Evidence from the Mexican Economy. Review of Regional Studies, 47(2), 201-219.
  • CUI, L., Weng, S., Nadeem, A. M., Rafique, M. Z., & Shahzad, U. (2022). Exploring the role of renewable energy, urbanization and structural change for environmental sustainability: Comparative analysis for practical implications. Renewable Energy, 184, 215-224.
  • ÇEŞTEPE, H., & ÇAĞLAR, O. (2017). Ürün sofistikasyonu ve ekonomik büyüme ilişkisi: Panel veri analizi. Uluslararası Yönetim İktisat ve İşletme Dergisi, 13(13), 992-1000.
  • DICKEY, D. A., & FULLER, W. A. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica: journal of the Econometric Society, 1057-1072.
  • ERTAN ÖZGÜZER, G., & OĞUŞ-BİNATLI, A. (2016). Economic convergence in the EU: A complexity approach. Eastern European Economics, 54(2), 93-108.
  • FERRARINI, B., & SCARAMOZZINO, P. (2016). Production complexity, adaptability and economic growth. Structural change and economic dynamics, 37, 52-61.
  • FERRAZ, D., COSTA, N. J. D., MORALLES, H. F., & REBELATTO, D. A. D. N. (2018). The effect of absorptive capacity (ABS) and foreign direct investment (FDI) on the economic complexity of Brazilian municipalities. The English & Commonwealth Law Abstracts Journal, 9, 1-27.
  • GALA, P., ROCHA, I., & MAGACHO, G. (2018). The structuralist revenge: economic complexity as an important dimension to evaluate growth and development. Brazilian journal of political economy, 38, 219-236.
  • GÓMEZ-ZALDÍVAR, M., LLAMOSAS-ROSAS, I., & GÓMEZ-ZALDÍVAR, F. (2021). The Relationship between Economic Complexity and the Pattern of Foreign Direct Investment Flows among Mexican States. Review of Regional Studies, 51(1), 64-88.
  • GRANGER, C. W. (1969). Investigating causal relations by econometric models and cross-spectral methods. Econometrica: journal of the Econometric Society, 424-438.
  • HAUSMANN, R., HIDALGO, C. A., BUSTOS, S., COSCIA, M., & SIMOES, A. (2014). The atlas of economic complexity: Mapping paths to prosperity. Mit Press.
  • HAUSMANN, R., HWANG, J., & RODRIK, D. (2007). What you export matters. Journal of economic growth, 12(1), 1-25.
  • HAUSMANN, R., MORALES, J. R., & SANTOS, M. A. (2016). Economic Complexity in Panama: Assessing opportunities for productive diversification (No. rwp16-046).
  • HIDALGO, C. A., & HAUSMANN, R. (2009). The building blocks of economic complexity. Proceedings of the national academy of sciences, 106(26), 10570-10575.
  • JOHANSEN, S., & JUSELIUS, K. (1990). Maximum likelihood estimation and inference on cointegration—with appucations to the demand for money. Oxford Bulletin of Economics and statistics, 52(2), 169-210.
  • KARABIYIK, C. (2021). Ekonomik Kompleksite ve Doğrudan Yabancı Sermaye Yatırımları İlişkisi: BRICS-T Ülkeleri Üzerine Bir Panel Veri Analizi. Yaşar Üniversitesi E-Dergisi, 16(63), 1133-1149.
  • KHAN, H., KHAN, U., & KHAN, M. A. (2020). Causal nexus between economic complexity and FDI: Empirical evidence from time series analysis. The Chinese Economy, 53(5), 374-394.
  • KILIÇ, C., & BALAN, F. (2019). Economic Complexity and Economic Growth: Panel ARDL Analysis for Selected OECD Coutries. In Applied Economics and Finance & Extended with Social Sciences Conference Full Paper Proceedings içinde (ss. 96-105) (Vol. 9, No. 11).
  • LAPATINAS, A. (2016). Economic complexity and human development: A note. Economics Bulletin, 36(3), 1441-1452.
  • LEE, K. K., & VU, T. V. (2020). Economic complexity, human capital and income inequality: a cross-country analysis. The Japanese Economic Review, 71(4), 695-718.
  • NGUYEN, C. P., & SU, T. D. (2021). Economic integration and economic complexity: The role of basic resources in absorptive capability in 40 selected developing countries. Economic Analysis and Policy, 71, 609-625.
  • PARK, J. Y. (1992). Canonical cointegrating regressions. Econometrica: Journal of the Econometric Society, 119-143.
  • PHILLIPS, P. C., & HANSEN, B. E. (1990). Statistical inference in instrumental variables regression with I (1) processes. The Review of Economic Studies, 57(1), 99-125.
  • PHILLIPS, P. C., & PERRON, P. (1988). Testing for a unit root in time series regression. Biometrika, 75(2), 335-346.
  • ROMER, P.M. (1993), “Two Strategies for Economic Development: Using Ideas and Producing Ideas”, Proceeding of the World Bank Annual Conference on Development Economics 1992. Washington D.C.: World Bank, ss.63-98.
  • SADEGHI, P., SHAHRESTANI, H., KIANI, K. H., & TORABI, T. (2020). Economic complexity, human capital, and FDI attraction: A cross country analysis. International Economics, 164, 168-182.
  • STOCK, J. H., & WATSON, M. W. (1993). A simple estimator of cointegrating vectors in higher order integrated systems. Econometrica: journal of the Econometric Society, 783-820.
  • STOJKOSKI, V., & KOCAREV, L. (2017). The relationship between growth and economic complexity: evidence from Southeastern and Central Europe.
  • ŞAHİN, D., & DURMUŞ, S. (2020). Yeni sanayileşen ülkelerde ekonomik kompleksite düzeyinin belirleyicileri. Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi, 10(2), 334-351.
  • UDEOGU, E., ROY-MUKHERJEE, S., & AMAKOM, U. (2021). Does Increasing Product Complexity and Diversity Cause Economic Growth in the Long-Run? A GMM Panel VAR Evidence. Sage Open, 11(3), 21582440211032918.
  • YILDIZ, G., & YILDIZ, B. (2019). Ekonomik Karmaşıklık ile Ekonomik Büyüme Arasındaki İlişki: Panel Bootstrap Granger Nedensellik Analizi. Uluslararası Yönetim İktisat ve İşletme Dergisi, 15(2), 329-340.
  • ZHU, S., & LI, R. (2017). Economic complexity, human capital and economic growth: empirical research based on cross-country panel data. Applied Economics, 49(38), 3815-3828.
There are 38 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Articles
Authors

Ömer Doru

Publication Date November 30, 2022
Submission Date November 7, 2022
Published in Issue Year 2022 Volume: 5 Issue: 2

Cite

APA Doru, Ö. (2022). TÜRKİYE’DE EKONOMİK KARMAŞIKLIK ENDEKSİ (ECI) VE DOĞRUDAN YABANCI YATIRIM İLİŞKİSİ. Artuklu Kaime Uluslararası İktisadi Ve İdari Araştırmalar Dergisi, 5(2), 235-251. https://doi.org/10.55119/artuklu.1200656
AMA Doru Ö. TÜRKİYE’DE EKONOMİK KARMAŞIKLIK ENDEKSİ (ECI) VE DOĞRUDAN YABANCI YATIRIM İLİŞKİSİ. Artuklu Kaime. November 2022;5(2):235-251. doi:10.55119/artuklu.1200656
Chicago Doru, Ömer. “TÜRKİYE’DE EKONOMİK KARMAŞIKLIK ENDEKSİ (ECI) VE DOĞRUDAN YABANCI YATIRIM İLİŞKİSİ”. Artuklu Kaime Uluslararası İktisadi Ve İdari Araştırmalar Dergisi 5, no. 2 (November 2022): 235-51. https://doi.org/10.55119/artuklu.1200656.
EndNote Doru Ö (November 1, 2022) TÜRKİYE’DE EKONOMİK KARMAŞIKLIK ENDEKSİ (ECI) VE DOĞRUDAN YABANCI YATIRIM İLİŞKİSİ. Artuklu Kaime Uluslararası İktisadi ve İdari Araştırmalar Dergisi 5 2 235–251.
IEEE Ö. Doru, “TÜRKİYE’DE EKONOMİK KARMAŞIKLIK ENDEKSİ (ECI) VE DOĞRUDAN YABANCI YATIRIM İLİŞKİSİ”, Artuklu Kaime, vol. 5, no. 2, pp. 235–251, 2022, doi: 10.55119/artuklu.1200656.
ISNAD Doru, Ömer. “TÜRKİYE’DE EKONOMİK KARMAŞIKLIK ENDEKSİ (ECI) VE DOĞRUDAN YABANCI YATIRIM İLİŞKİSİ”. Artuklu Kaime Uluslararası İktisadi ve İdari Araştırmalar Dergisi 5/2 (November 2022), 235-251. https://doi.org/10.55119/artuklu.1200656.
JAMA Doru Ö. TÜRKİYE’DE EKONOMİK KARMAŞIKLIK ENDEKSİ (ECI) VE DOĞRUDAN YABANCI YATIRIM İLİŞKİSİ. Artuklu Kaime. 2022;5:235–251.
MLA Doru, Ömer. “TÜRKİYE’DE EKONOMİK KARMAŞIKLIK ENDEKSİ (ECI) VE DOĞRUDAN YABANCI YATIRIM İLİŞKİSİ”. Artuklu Kaime Uluslararası İktisadi Ve İdari Araştırmalar Dergisi, vol. 5, no. 2, 2022, pp. 235-51, doi:10.55119/artuklu.1200656.
Vancouver Doru Ö. TÜRKİYE’DE EKONOMİK KARMAŞIKLIK ENDEKSİ (ECI) VE DOĞRUDAN YABANCI YATIRIM İLİŞKİSİ. Artuklu Kaime. 2022;5(2):235-51.

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