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- Title
EKONOMİK ÖZGÜRLÜĞÜN DOĞRUDAN YABANCI YATIRIMLAR, GAYRI SAFİ YURTİÇİ HASILA VE VERGİ GELİRLERİ ÜZERİNDEKİ ETKİSİ: OECD ÜLKELERİNDEN KANITLAR.
- Authors
KÖSTEKÇİ, Üyesi Ahmet
- Abstract
The aim of the study is to investigate the effect of economic freedom on foreign direct investment, gross domestic product (GDP) and tax revenues. A data set which consistf of 37 OECD countries based on the period 1995-2019 is used to examine the relationship between variables. In the research, where the cointegration relation between the series is examined with the Banerjee and Carrion-i-Silvestre (2017) panel cointegration test, it is determined that there is a cointegration relationship in all models throughout the panel. According to the cointegration coefficient estimation results, economic freedom affected foreign direct investments negatively and GDP positively. The effect of economic freedom on tax revenues is positive but statistically insignificant. According to the panel causality tests of Konya (2006) and Dumitrescu and Hurlin (2012), in OECD countries it is observed that there are causality relations from economic freedom to foreign direct investments, GDP and tax revenues. While the findings of the panel and results obtained on individual basis partially support the hypothesis, it also revealed that these results cannot be generalized to all OECD countries.
- Subjects
KONYA (Turkey); ECONOMIC liberty; FOREIGN investments; INTERNAL revenue; GROSS domestic product; COINTEGRATION
- Publication
Visionary E-Journal / Vizyoner Dergisi, 2022, Vol 13, Issue 33, p87
- ISSN
1308-9552
- Publication type
Article
- DOI
10.21076/vizyoner.953264