We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Does Institutional Structure Matter in Attracting Outward FDI Flows from Turkey?: Panel Study.
- Authors
Koyuncu, Cüneyt; Ünal, Hüseyin Safa
- Abstract
This study attempts to find if there is any effect of host countries' legal system and property rights on the behavior of Turkish foreign direct investment (FDI). For this aim, bilateral FDI outstock data of Turkey, and the ratings of legal system and property rights of the host countries are put into use. The data utilized in the study are unbalanced and cover the years between 2001 and 2012. FDI flows from Turkey prefer the countries with advanced legal structure and developed property rights. The main components of the legal structure, and property rights determining the movement of Turkish FDI stock are judicial independence, impartial courts, protection of property rights, integrity of the legal system, legal enforcement of contracts, and reliability of police. Results are robust when the inflation rate, real effective exchange rate, natural resources endowment, and GDP are included in the analyses as the main determinants of the FDI.
- Subjects
TURKEY; PANEL analysis; PROPERTY rights; FOREIGN investments; NATURAL resources; JUSTICE administration
- Publication
Balkan & Near Eastern Journal of Social Sciences (BNEJSS), 2020, Vol 6, Issue 2, p103
- ISSN
2149-9314
- Publication type
Article