Impact of Political Risk on Foreign Direct Investment with Fourier Approach: The Case of Turkiye

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dc.contributor.authorKonat, Gökhan
dc.date.accessioned2024-09-25T20:15:23Z
dc.date.available2024-09-25T20:15:23Z
dc.date.issued2022
dc.departmentAbant İzzet Baysal Üniversitesien_US
dc.description.abstractForeign direct investment (FDI) is a desirable form of capital inflows to emerging and developing countries. Such investments are less susceptible to crises and sudden breakdowns. Therefore, foreign direct investment between the political risks of using annual data for the years 1984-2019 which might influence Turkey has been tested. For this purpose, Fourier-based unit root and cointegration analysis are used. As a result of the Fourier unit root analysis, it is concluded that the FDI variable is difference stationary and the political risk variable is level stationary. For this reason, Yılancı et al. (2020), a fractional-frequency Fourier bootstrap autoregressive distributed lag (ARDL) boundary test was applied to the literature. This test, which is in nonlinear form, captures smooth transitional changes in long-term relationships. As a result of the analysis, it is seen that there is a cointegration relationship between foreign direct investments and political risk and the variables come to equilibrium in the long run. In addition, it is seen that the calculated long-term coefficient is positive and significant and the error mechanism works correctly in the short term. Therefore, as political stability is achieved foreign direct investment inflows will increase and the economies of the country will gain an advantage in reaching high levels of financial development. As a result, it is concluded that the Weak Partisan model is valid in the Turkish economy.en_US
dc.identifier.doi10.17093/alphanumeric.1088005
dc.identifier.endpage196en_US
dc.identifier.issn2148-2225
dc.identifier.issue2en_US
dc.identifier.startpage187en_US
dc.identifier.trdizinid1186468en_US
dc.identifier.urihttps://doi.org/10.17093/alphanumeric.1088005
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1186468
dc.identifier.urihttps://hdl.handle.net/20.500.12491/15153
dc.identifier.volume10en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofAlphanumeric Journalen_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmzYK_20240925en_US
dc.subjectForeign Direct Investmentsen_US
dc.subjectPolitical Risken_US
dc.subjectStationarityen_US
dc.subjectFourier KPSSen_US
dc.subjectFourier ARDLen_US
dc.subjectFractional Frequency Fourieren_US
dc.titleImpact of Political Risk on Foreign Direct Investment with Fourier Approach: The Case of Turkiyeen_US
dc.typeArticleen_US

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