Gümüşhane ÜniversitesiGümüşhane ÜniversitesiAçık Erişim Arşivi · RDL Open

Relations between Foreign Direct Investment and Exchange Rate Volatility in Turkey: Analysis of Symmetric and Asymmetric Causality (2001:M1-2020:M2)

MakaleAçık Erişim
  • SDG 8 · İnsana Yakışır İş ve Ekonomik Büyüme

Özet

The objective of this study was to examine the relationship between exchange rate volatility and Foreign Direct Investment (FDI) in Turkey that adopting liberal policies in the post-1980 period. In this study, the relationships between FDI and exchange rate volatility were determined by symmetric (Fourier Toda-Yamamoto) and asymmetric (Hatemi-J) causality tests using the monthly data for the period of 2001:M1 - 2020:M2. According to the symmetric causality test results, there is a one-way relationship from FDI to exchange rate volatility. According to the results of the asymmetric causality test, there are two-way and significant causal relationships between the variables of FDI and exchange rate volatility. These results show the importance of reducing exchange rate volatility for the Turkish economy.

Anahtar Kelimeler

Foreign Direct InvestmentsExchange Rate VolatilityAsymmetric Causality Analysis
RDL Kalıcı Bağlantı (PID)
https://rdlopen.rawdatalibrary.net/r/gumushane/16832Resmi atıflarda kullanılan kalıcı adres
DOI
https://doi.org/10.17153/oguiibf.887429Yayıncı resmi DOI adresi
Tam Kayıt
AlanDeğerDil
dc.contributor.authorDoganay, Muharrem Akin
dc.contributor.authorRecepoglu, Mursit
dc.contributor.authorDeger, Mustafa Kemal
dc.date.accessioned2026-10-22T10:33:04.791134184Z
dc.date.available2026-10-22T10:33:04.791134184Z
dc.date.issued2021-08
dc.description.abstractThe objective of this study was to examine the relationship between exchange rate volatility and Foreign Direct Investment (FDI) in Turkey that adopting liberal policies in the post-1980 period. In this study, the relationships between FDI and exchange rate volatility were determined by symmetric (Fourier Toda-Yamamoto) and asymmetric (Hatemi-J) causality tests using the monthly data for the period of 2001:M1 - 2020:M2. According to the symmetric causality test results, there is a one-way relationship from FDI to exchange rate volatility. According to the results of the asymmetric causality test, there are two-way and significant causal relationships between the variables of FDI and exchange rate volatility. These results show the importance of reducing exchange rate volatility for the Turkish economy.
dc.identifier.doi10.17153/oguiibf.887429
dc.identifier.eissn1306-6293
dc.identifier.endpage554
dc.identifier.issn1306-6730
dc.identifier.issue2
dc.identifier.startpage535
dc.identifier.urihttps://rdlopen.rawdatalibrary.net/r/gumushane/16832
dc.identifier.volume16
dc.identifier.wosWOS:000663309100013
dc.language.isotr
dc.publisherESKISEHIR OSMANGAZI UNIV, FAC EDUCATION
dc.relation.ispartofESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectForeign Direct Investments
dc.subjectExchange Rate Volatility
dc.subjectAsymmetric Causality Analysis
dc.subject.classificationEconomics
dc.subject.classificationBusiness & Economics
dc.subject.otherRATE UNCERTAINTY
dc.subject.otherEXPORTS
dc.subject.otherPRICES
dc.subject.otherIMPACT
dc.titleRelations between Foreign Direct Investment and Exchange Rate Volatility in Turkey: Analysis of Symmetric and Asymmetric Causality (2001:M1-2020:M2)
dc.typeArticle
dspace.entity.typePublication
rdl.citation.openalex21
rdl.citation.trdizin4
rdl.citation.wos0
rdl.oa.statusgold
rdl.oa.urlhttps://dergipark.org.tr/tr/download/article-file/1604237
rdl.sdgSDG08
rdl.source.indexWOS
rdl.source.indexTRDIZIN
rdl.wos.indexEmerging Sources Citation Index (ESCI)