Sürdürülebilir Kalkınma Amaçları

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Yazarlar

• Deger, Mustafa Kemal(1)
• Doganay, Muharrem Akin(1)
• Recepoglu, Mursit(1)

• MakaleAçık Erişim2021/r/gumushane/16832
  Relations between Foreign Direct Investment and Exchange Rate Volatility in Turkey: Analysis of Symmetric and Asymmetric Causality (2001:M1-2020:M2)

  Doganay, Muharrem Akin; Recepoglu, Mursit; Deger, Mustafa Kemal

  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.

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