The effects of foreign direct investment inflow Turkey on Turkey's financial indicators

Many theories have been developed on developing countries, such as our country, whose capital structures are not sufficiently developed, on how to find external capital to cover this gap. In Turkey, especially after 1980s, had given great importance in the matter of withdraw considerations on the foreign capital entered the country, as one of the method of providing the capital. Participation of foreign investment in production increases the seviye of competition and production of the country, has to creating employment whereat to growing, to economic vitality and so effects. For these reasons, the economic effects of foreign investments in general have been an important subject in the literature. However, there are not enough studies on the extent to which the foreign investments adopted in the country interact in their financial indicators as well as in the country's economic indicators. The direction of the causality relationship between the FDIs and the major Değişkens chosen as financial indicators is crucial for long-term policies that can be developed. In our study because of the importance of the issue for the date range covering the period of 2005/09-2018/10 foreign direct investment came to Turkey with the monthly data are trying to put forward their effects on our country's financial indicators. Scope of the research to determine the relationship between Turkey's FDI data (net inflows) and the Değişkens determined in the context of financial indicators (Exchange 100 Index, Foreign Exchange Rate (Dollar / Turkish Lira Exchange Rate), Benchmark Interest Rate, Commercial Loan Rates, Deposit Interest and Domestic Credit Provided by Banks), was applied Augmented Dickey Fuller and Philips-Perron Stability and Unit Root Tests, Lumsdaine-Papell Structural Fracture Test, VAR lengths were determined and Toda-Yamamoto Causality Test. According to the test results, there is a two-way relationship between FDI and Stock Exchange 100 Index and a one-way relationship between FDI and FX purchase rates and commercial credit interest rates. There is no causality interaction between FDI and Benchmark Interest Rate, Deposit Interest and Domestic Credit Provided by Banks and then the results of the analysis are evaluated and suggestions are presented.