Türkiye'ye yönelen portföy akımlarının makroekonomik belirleyicileri

This study aims to analyze the macroeconomic determinants of portfolio flows to Türkiye. The effects of global and country-specific financial conditions on portfolio investments are analyzed. In the empirical analysis, time series data sets and Autoregressive Distributed Lag (ARDL) model are employed. The findings showed that country risk premium, real effective exchange rate, inflation and industrial production have statistically significant effects on portfolio investments in Türkiye. The fact that macroeconomic stability and predictability stand out as inducing factors for portfolio investments is instructive for policy makers.