Measuring the relationship between economic stability variables and foreign direct investment flows to Turkey for the period 1985-2020
DOI:
https://doi.org/10.25007/ajnu.v13n1a1694Abstract
The research aims to measure and analyze the relationship between economic stability variables represented by economic growth, inflation, unemployment, current account balance and foreign direct investment flows to Turkey, using the Autoregressive Distributed Deceleration (ARDL) methodology, based on a time series from (1985-2020) starting from From the hypothesis that foreign direct investment flows to Turkey are greatly affected by changes in economic stability indicators, the research also assumed that Turkey's relatively multiple advantages helped it to some extent overcome many economic and political conditions and crises, which contributed to attracting Foreign capital, especially in light of the approved reforms. According to the results of the estimation, the research found a joint integration relationship in the short and long term, and to the significance of the research variables and their statistical significance, as it was found that the variables of economic stability adopted in the research are linked to each other and give real indicators of the reality of the national economy and its directions, which creates with its stability an encouraging and stimulating environment for investment, whether it is at the local or international level.
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