Analysis of Causal Relationships Between Economic Growth, Foreign Direct Investment, Exports, and Inflation in Türkiye
Chapter from the book:
Uçar,
M.
(ed.)
2026.
Growth in the Global Economy: A Macroeconomic Framework.
Synopsis
This study investigates the causal relationship between economic growth, foreign direct investment, exports, and inflation in the Türkiye economy. The causal relationship and its direction were investigated using the Toda-Yamamoto test. Furthermore, these causal relationships were analyzed using annual data from 1988-2024. In light of the empirical findings, the results are as follows: a unidirectional causal relationship was found from economic growth to exports and foreign direct investment, while a bidirectional causal relationship was found between inflation and foreign direct investment. Based on these empirical findings, it is emphasized that attention should be paid to the dynamics of foreign direct investment and exports in the Türkiye economy.
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Copyright (c) 2026 Mehmet Uçar; Mehmet Uçar- Mücahit Ülger- Mert Anıl Atamer- Ayşe Eryer- Gülferah Ertürkmen- Melek Kıdemli- Lokman Salih Erdem- Kamuran Yıldız- Hüseyin Saltan