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Foreign Direct Investment, Financial Development and Economic Growth: The Case of Turkey

Foreign Direct Investment, Financial Development and Economic Growth: The Case of Turkey

Kadir Y. Eryigit, Sibel Bali Eryigit
Copyright: © 2015 |Pages: 18
ISBN13: 9781466672888|ISBN10: 1466672889|EISBN13: 9781466672895
DOI: 10.4018/978-1-4666-7288-8.ch021
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MLA

Eryigit, Kadir Y., and Sibel Bali Eryigit. "Foreign Direct Investment, Financial Development and Economic Growth: The Case of Turkey." Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance, edited by Özlem Olgu, et al., IGI Global, 2015, pp. 331-348. https://doi.org/10.4018/978-1-4666-7288-8.ch021

APA

Eryigit, K. Y. & Eryigit, S. B. (2015). Foreign Direct Investment, Financial Development and Economic Growth: The Case of Turkey. In Ö. Olgu, H. Dinçer, & Ü. Hacıoğlu (Eds.), Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance (pp. 331-348). IGI Global. https://doi.org/10.4018/978-1-4666-7288-8.ch021

Chicago

Eryigit, Kadir Y., and Sibel Bali Eryigit. "Foreign Direct Investment, Financial Development and Economic Growth: The Case of Turkey." In Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance, edited by Özlem Olgu, Hasan Dinçer, and Ümit Hacıoğlu, 331-348. Hershey, PA: IGI Global, 2015. https://doi.org/10.4018/978-1-4666-7288-8.ch021

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Abstract

This chapter discusses the effects of financial development on relationships between FDI and economic growth within the framework of the relevant literature, and researches empirically the current situation in Turkey. To that end, analysis is conducted through the use of Johansen et al. (2000) cointegration method, based on the quarterly data for the period between 1989 and 2011. To the authors' knowledge, there are no studies assessing the complementary relationship between FDI and financial development in the relevant literature in Turkey. According to the results, financial development and FDI affect economic growth positively, and financial system makes important contributions to the positive effect of FDI on economic growth.

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