The impact of the 2008 crisis on foreign direct investments: Panel tobit approach

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dc.contributor.authorGuriş, Selahattin
dc.contributor.authorSaçaklı Saçıldı, İrem
dc.contributor.authorGüneren Genç, Elif
dc.date.accessioned2020-11-21T15:53:54Z
dc.date.available2020-11-21T15:53:54Z
dc.date.issued2015en_US
dc.departmentİstanbul Ticaret Üniversitesien_US
dc.description.abstractSince 1990 foreign direct investment (FDI) flows have shown a significant increase both in developed and developing countries. Before the financial crisis in 2008, which affected the whole world, they had reached their highest level. Due to FDI, not only finance but also advanced technology and new industry are being provided in developing countries. Even though the 2008 crisis caused a significant global decrease of FDI, the impact of the crisis on developing and developed economies has been different. The aim of this study is to analyze the impact of the 2008 crisis on the FDI of developed, developing and undeveloped countries, and to identify the macroeconomic factors affecting FDI. In order to see the impact of the crisis on FDI in the period 2005-2011 according to the development levels of the countries panel Tobit models were estimated, and in order to analyze in detail the factors affecting FDI before, during and after the crisis according to the development level, separate cross-section Tobit models for every year were estimated. The Tobit models estimated separately for every year with the help of the cross section data thus it was possible to indicate in detail which of the variables taking place in the panel Tobit models according to the development levels were effective on FDI before and after the crisis and which ones during the crisis. The results of the estimated models have shown that the most influential factor on FDI in all the development levels is the current account balance. © International Economic Society.en_US
dc.identifier.endpage60en_US
dc.identifier.issn1307-1637
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85033432993en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage50en_US
dc.identifier.urihttps://hdl.handle.net/11467/3713
dc.identifier.volume9en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherInternational Economic Societyen_US
dc.relation.ispartofInternational Journal of Economic Perspectivesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectCross sectional modelsen_US
dc.subjectForeign direct investmenten_US
dc.subjectPanel tobit modelen_US
dc.subjectTobit modelen_US
dc.titleThe impact of the 2008 crisis on foreign direct investments: Panel tobit approachen_US
dc.typeArticleen_US

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