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An analysis of the determinants of foreign direct investment in turkey: The role of the institutional context-super-1

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  • Devrim Dumludag

Abstract

This paper tries to empirically verify the argument that institutional factors such as enforcement mechanisms, political and economic stability, stable and reliable, transparent legal and regulatory framework and corruption are critical in explaining the behaviour of the foreign direct investment inflows in Turkey. The main objective of the study is to ascertain the nature of the obstacles and impediments to the greater flow of foreign direct investments into Turkish economy for the recent period by focusing on the results of a questionnaire applied to the executives of 52 multinational corporations operating in Turkey in 2006.

Suggested Citation

  • Devrim Dumludag, 2008. "An analysis of the determinants of foreign direct investment in turkey: The role of the institutional context-super-1," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 10(1), pages 15-30, December.
  • Handle: RePEc:taf:jbemgt:v:10:y:2008:i:1:p:15-30
    DOI: 10.3846/1611-1699.2009.10.15-30
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    References listed on IDEAS

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    1. Henry Loewendahl & Ebru Ertugal-Loewendahl, 2001. "Turkey’s Performance in Attracting Foreign Direct Investment: Implications of EU Enlargement," Economics Working Papers 008, European Network of Economic Policy Research Institutes.
    2. Daron Acemoglu & Simon Johnson & James Robinson, 2005. "The Rise of Europe: Atlantic Trade, Institutional Change, and Economic Growth," American Economic Review, American Economic Association, vol. 95(3), pages 546-579, June.
    3. Shang-Jin Wei, 1997. "Why is Corruption So Much More Taxing Than Tax? Arbitrariness Kills," NBER Working Papers 6255, National Bureau of Economic Research, Inc.
    4. Javorcik, Beata, 1999. "Composition of Foreign Direct Investment and Protection of Intellectual Property Rights in Transition Economies," CEPR Discussion Papers 2228, C.E.P.R. Discussion Papers.
    5. Robert E. Lipsey, 2001. "Foreign Direct Investment and the Operations of Multinational Firms: Concepts, History, and Data," NBER Working Papers 8665, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Burcak Polat, 2015. "Determinants of FDI into Central and Eastern European Countries: Pull or Push Effect?," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 3(4), pages 39-47.
    2. Dzingai Francis Chapfuwa, "undated". "The Role Of Institutions In Determining Fdi Flows Into The Sadc Region," Review of Socio - Economic Perspectives 202053, Reviewsep.

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