An Econometric Analysis of the Behavior of Investment Rate in Selected Developing Countries

Abstract

This thesis aims to investigate the relationship between economic variables, e.g., inflation rate, interest rate, trade openness, growth rate of GDP with the investment function in South East Asian Nations (ASEAN) e.g., Malaysia, Philippines, Singapore, and Thailand from 1976 to 2013. To meet this end, the panel regression analysis and OLS methods are used to investigate the effects of economic variables on the domestic investment with respect to each country. Additionally, the effects of economic variables in the group of countries in form of the panel data is used to find the relationship between of the economic variables is analyzed. The result of this investigation revealed that the relationship between the real interest rate and domestic investment (I/GDP) is negative. Similarly, for the I/GDP and inflation rate a negative relationship was obtained. However, the trade openness and growth rate had a positive correlation.

ÖZ: Tezin AMACI Bu, Malezya, Filipinler, Singapur Tayland gibi ASEAN ulkelerinde A.Ş. 1976 2013 ila yillari arasinda enflasyon, interest, disa açıklık Orani, gayri safi milli hasilanin Büyüme Orani Benzeri degiskenler ile yatirim fonksiyonlarinin iliskisini incelemektir . Bu baglamda, ekonomik degiskenlerin Yerel yatirimlara etkisini inançsız amaciyla, Panel Veri Analizi A.Ş. Enkucuk Kareler Metotları onu Bir ulke icin kullanilmistir. Buna ek Olarak grup ulkelerinde Ekonomik degiskenlerin Etkileri paneli Verileri Olarak incelenip Ekonomik degiskenlerin birbirlerine Etkileri tahmin edilmistir. Bu ARAŞTIRMANIN sonuclari gercek interest Orani ile Yerel yatirim (I/GSYH) iliskisinin negatif oldugunu ziyaretinde I/GSYH ile enflasyon baglantisinin da negatif oldugunu Ortaya koymaktadir. Tersine Olarak ticari disa acikligin Büyüme oranina Etkisi pozitif olmaktadir.