Open AccessA COMPARATIVE ANALYSIS OF FDI IN TURKEY AND THE CEECS: IS THERE ANY LINK BETWEEN FDI AND TRADE?
Author(s) -
Levent Kösekahyaoğlu
Publication year - 2006
Publication title -
journal of business economics and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.485
H-Index - 37
eISSN - 1611-1699
pISSN - 2029-4433
DOI - 10.3846/16111699.2006.9636140
Subject(s) - foreign direct investment , international economics , czech , economics , european union , granger causality , international trade , macroeconomics , econometrics , linguistics , philosophy
This paper examines the structure of foreign direct investment (FDI) flows into Turkey and the Central and Eastern European Countries (CEECs) as well as the other new members of the European Union (EU). Our study has two main parts. Firstly, we investigate the key economic and political factors that have an impact on foreign investment, for example, the macroeconomic performance, the production cost and the size of domestic market. Secondly, we explore the relationship between FDI and trade flows for Turkey, the Czech Republic, Hungary and Poland using the Granger causality methodology.