The relationship between high-tech exports and foreign dırect investments: empirical evidence from Turkey
Yükleniyor...
Dosyalar
Tarih
2018
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The objective of this study is to explore the impact of high-technology exports on foreign direct investments. The study uses
annual data covering the period 1995-2015. The case of Turkey is investigated taking into account the fact that both, foreign
direct investments and high-technology exports, are increasing sharply. High-technology exports and foreign direct investments
separately gain large attention among research community, however the research on the relationship between them is lacking.
For this purpose, several econometric methods including Johansen cointegration test and ARDL approach are employed to
investigate the long-run causal linkages and short-run dynamics between the economic terms of interest. In order to test for the
stability of the model, the impact of economic freedom is controlled.
The results of Johansen cointegration test indicate the existence of cointegration between the variables of interest. This is
confirmed by both, trace and max statistics. Furthermore, the results of ARDL model indicate a significant positive short- and
long-run impact of high-technology exports on foreign direct investments. The introduction of control variable in extended
model does not change the sign and the significance of the original results. Therefore, the selected model can be considered
stable.
Açıklama
Anahtar Kelimeler
high-tech exports, foreign direct investments, Turkey, ARDL
Kaynak
International Congress of Political, Economic and Financial Analysis
WoS Q Değeri
Scopus Q Değeri
Cilt
Sayı
Künye
Satrovic, Elma.(2018). The relatıonshıp between hıgh-tech exports and foreıgn dırect ınvestments: empırıcal evıdence from Turkey. International Congress of Political, Economic and Financial Analysis,1185-1193.
