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Determinants of Economic Growth: Bounds Testing Approach

Journal: Research Journal of Politics, Economics and Management (Vol.1, No. 1)

Publication Date:

Authors : ;

Page : 75-91

Keywords : Economic Growth; Foreign Direct Investment; Export.;

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In this study, the effects of foreign direct investments and exports on Turkey’s economic growth are analyzed via bounds testing approach by using 1992:Q1- 2012:Q3 period data. According to empirical findings, series were found to be cointegrated. In the long and short run analysis, the effect of export on the economic growth is statistically significant; however effect of foreign direct investment on the economic growth is positive but statistically insignificant. The model’s error correction mechanism has been worked.

Last modified: 2013-11-27 13:26:22