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The Relationship Between Foreign Portfolio Investments And Economic Growth: The Case Of Turkey

Author

Listed:
  • Mehmet Mucuk

    (Selcuk University)

  • Mustafa Tahir Demirsel

    (Selcuk University)

  • ?brahim Erem ?ahin

    (Selcuk University)

Abstract

With the globalization process, economic, commercial and technologic boundaries have become uncertain and in this way capital transfer has been possible between different countries. Capital transfers which is realized through short term foreign portfolio investment and foreign direct investment are very important especially for the countries of which national savings are inadequate. This study examines the long run relationship between foreign portfolio investment and economic growth for Turkish economy over the period 1990-2012 within framework of cointegration. The cointegration test findings indicate that there is no relationship between these variables in the long run. According to this result, foreign portfolio investments should not only support consumption but also should be used in more productive areas.

Suggested Citation

  • Mehmet Mucuk & Mustafa Tahir Demirsel & ?brahim Erem ?ahin, 2014. "The Relationship Between Foreign Portfolio Investments And Economic Growth: The Case Of Turkey," Proceedings of International Academic Conferences 0702082, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:0702082
    as

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    File URL: https://iises.net/proceedings/12th-international-academic-conference-prague/table-of-content/detail?cid=7&iid=95&rid=2082
    File Function: First version, 2014
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    References listed on IDEAS

    as
    1. Jarita Duasa & Salina H. Kassim, 2009. "Foreign Portfolio Investment and Economic Growth in Malaysia," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 48(2), pages 109-123.
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    Cited by:

    1. Kunofiwa Tsaurai, 2017. "Is foreign Portfolio Equity Investment Inspired Growth Hypothesis Relevant in Emerging Markets?," EuroEconomica, Danubius University of Galati, issue 2(36), pages 78-90, November.

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    More about this item

    Keywords

    Foreign portfolio investments; Economic growth; Turkish economy; Cointegration;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • F30 - International Economics - - International Finance - - - General

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