The Impact of Heritage Index on Turkish Foreign Direct Investment

Foreign trade is a very important variable for national economies. The investment could be inward or outward. World trade has forced the entire world to act as a single economy with effects of globalization. Especially the increase in the transferability of capital, service and technology played an important role in the smooth movement of capital. Developing countries also need large amounts of technology, intermediate goods and investment goods to strengthen their economies. At the same time, its positive contribution to the labor market and its positive impact on economic growth have made these investments one of the most important economic actors. This study using Heritage Index data (which calculated for 178 countries around the world each year) for the Turkish Economy to the discuss development of foreign trade and investment. The data used in the study are not suffi cient for the empirical application. Therefore, descriptive statistical method was preferred in this study. In the study, the index values between 2002 and 2016 were used. As a result of the study, the relationship determined only two variables of the index.