Foreign direct investments, industrial production, and export relationship: Türkiye example

Foreign direct investments, which have become widespread around the world, especially since the 1980s, with the effect of globalization, have gained critical importance in the growth and development of countries. Basic investment elements which are especially needed by developing countries make significant contributions to technological innovations, capital accumulation, industrial development, employment opportunities and reducing the foreign trade deficit. In Türkiye has supported foreign direct investments in the supply of external financial resources which are necessary for economic growth and development. In this study, monthly data consisting of 151 observations for the period 2011:04 - 2023:10 were used. The relationships between foreign direct investments coming to Turkey, exports and industrial production index have been tested. In study, firstly the ADF test was performed for stationarity analysis and then the variables were analyzed with the ARDL bounds test.