The Effect of Foreign Direct Investments and Foreign Trade on Gross Domestic Product: The Case of the Eurasian Countries

Demet Yaman Songur ()
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Demet Yaman Songur: Hacettepe University

Bulletin of Economic Theory and Analysis, 2017, vol. 2, issue 2, 117-133

Abstract: Foreign direct investment has played a significant role for developing countries in their transition and development process. Therefore, the aim of this study is to examine the impact of the foreign direct investments and the foreign trade on GDP for 7 Eurasian Countries by using panel data methods. Accordingly to the results of analysis, there is an evidence of a long-term relationship between foreign direct investments, foreign trade and GDP for the 1996-2013 period. On the other hand, according to the results of AMG Estimator, import and export has a positive impact on GDP. However, there isn’t a statistically significant relationship between foreign direct invesment and GDP.

Keywords: Foreign Direct Investment; Economic Growth; Foreign Trade; Panel Data Analysis (search for similar items in EconPapers)
JEL-codes: B17 C33 F43 (search for similar items in EconPapers)
Date: 2017
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