Exchange rate uncertainty and FDI inflows: the case of Turkey

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dc.contributor.authorPolat, Burcak
dc.contributor.authorPayaslioglu, Cem
dc.date.accessioned2026-02-06T18:47:31Z
dc.date.issued2016
dc.departmentDoğu Akdeniz Üniversitesi
dc.description.abstractIn this paper, using monthly data for the period of 2004-2014, we employ a Markov switching model to examine the impact of the level and volatility of real exchange rate (RER) on foreign direct investment (FDI) inflows to Turkey along with a set of control factors. Our estimation results do not support any effect of volatility or the RER. On the other hand, internal factors such as agglomeration effect, inflation, new incentive measures of 2009, and external factors such as Euro area policy interest rate and risk appetite turn out to be effective in driving FDI into the host country.
dc.identifier.doi10.1080/16081625.2015.1032312
dc.identifier.endpage129
dc.identifier.issn1608-1625
dc.identifier.issn2164-2257
dc.identifier.issue1
dc.identifier.scopus2-s2.0-84953840403
dc.identifier.scopusqualityQ2
dc.identifier.startpage112
dc.identifier.urihttps://doi.org/10.1080/16081625.2015.1032312
dc.identifier.urihttps://hdl.handle.net/11129/14434
dc.identifier.volume23
dc.identifier.wosWOS:000367828200005
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherRoutledge Journals, Taylor & Francis Ltd
dc.relation.ispartofAsia-Pacific Journal of Accounting & Economics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20260204
dc.subjectFDI
dc.subjectreal exchange rate
dc.subjectMarkov switching model
dc.subjectvolatility
dc.subjectGARCH
dc.titleExchange rate uncertainty and FDI inflows: the case of Turkey
dc.typeArticle

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