A Difficult Relationship
This paper assesses two research questions: has the presence of foreign firms contributed to productivity increases in Turkey, and how could Turkey increase foreign direct investment inflows? First, the analysis applies dynamic regressions in differences over an AMADEUS firm-level data set. Similar to the results for other emerging countries, Turkish firms that received foreign direct investment will see an increase in productivity after the fourth year. The paper finds evidence of negative but small competition spillovers over domestic firms in the same sector of the multinational, as well as positive and large knowledge spillovers to domestic firms in broader two-digit sectors. This finding constitutes a case for foreign direct investment attraction policies in Turkey. Second, based on the findings of the cross-country regressions, the paper argues that Turkey could increase its attractiveness to foreign investors by strengthening institutional quality, in particular the rule of law, and mitigating exchange rate volatility.
Main Authors: | , , |
---|---|
Format: | Working Paper biblioteca |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2016-12
|
Subjects: | foreign direct investment, direct foreign investment, FDI, DFI, knowledge spillovers, |
Online Access: | http://documents.worldbank.org/curated/en/580621481812347679/A-difficult-relationship-declining-but-productive-FDI-inflows-in-Turkey https://hdl.handle.net/10986/25817 |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
dig-okr-1098625817 |
---|---|
record_format |
koha |
spelling |
dig-okr-10986258172024-08-09T09:26:00Z A Difficult Relationship Declining (but Productive) FDI Inflows in Turkey Kalemli-Ozcan, Sebnem Sánchez-Martín, Miguel Eduardo Thirion, Gilles foreign direct investment direct foreign investment FDI DFI knowledge spillovers This paper assesses two research questions: has the presence of foreign firms contributed to productivity increases in Turkey, and how could Turkey increase foreign direct investment inflows? First, the analysis applies dynamic regressions in differences over an AMADEUS firm-level data set. Similar to the results for other emerging countries, Turkish firms that received foreign direct investment will see an increase in productivity after the fourth year. The paper finds evidence of negative but small competition spillovers over domestic firms in the same sector of the multinational, as well as positive and large knowledge spillovers to domestic firms in broader two-digit sectors. This finding constitutes a case for foreign direct investment attraction policies in Turkey. Second, based on the findings of the cross-country regressions, the paper argues that Turkey could increase its attractiveness to foreign investors by strengthening institutional quality, in particular the rule of law, and mitigating exchange rate volatility. 2017-01-05T22:15:30Z 2017-01-05T22:15:30Z 2016-12 Working Paper Document de travail Documento de trabajo http://documents.worldbank.org/curated/en/580621481812347679/A-difficult-relationship-declining-but-productive-FDI-inflows-in-Turkey https://hdl.handle.net/10986/25817 English en_US Policy Research Working Paper;No. 7918 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf text/plain World Bank, Washington, DC |
institution |
Banco Mundial |
collection |
DSpace |
country |
Estados Unidos |
countrycode |
US |
component |
Bibliográfico |
access |
En linea |
databasecode |
dig-okr |
tag |
biblioteca |
region |
America del Norte |
libraryname |
Biblioteca del Banco Mundial |
language |
English en_US |
topic |
foreign direct investment direct foreign investment FDI DFI knowledge spillovers foreign direct investment direct foreign investment FDI DFI knowledge spillovers |
spellingShingle |
foreign direct investment direct foreign investment FDI DFI knowledge spillovers foreign direct investment direct foreign investment FDI DFI knowledge spillovers Kalemli-Ozcan, Sebnem Sánchez-Martín, Miguel Eduardo Thirion, Gilles A Difficult Relationship |
description |
This paper assesses two research
questions: has the presence of foreign firms contributed to
productivity increases in Turkey, and how could Turkey
increase foreign direct investment inflows? First, the
analysis applies dynamic regressions in differences over an
AMADEUS firm-level data set. Similar to the results for
other emerging countries, Turkish firms that received
foreign direct investment will see an increase in
productivity after the fourth year. The paper finds evidence
of negative but small competition spillovers over domestic
firms in the same sector of the multinational, as well as
positive and large knowledge spillovers to domestic firms in
broader two-digit sectors. This finding constitutes a case
for foreign direct investment attraction policies in Turkey.
Second, based on the findings of the cross-country
regressions, the paper argues that Turkey could increase its
attractiveness to foreign investors by strengthening
institutional quality, in particular the rule of law, and
mitigating exchange rate volatility. |
format |
Working Paper |
topic_facet |
foreign direct investment direct foreign investment FDI DFI knowledge spillovers |
author |
Kalemli-Ozcan, Sebnem Sánchez-Martín, Miguel Eduardo Thirion, Gilles |
author_facet |
Kalemli-Ozcan, Sebnem Sánchez-Martín, Miguel Eduardo Thirion, Gilles |
author_sort |
Kalemli-Ozcan, Sebnem |
title |
A Difficult Relationship |
title_short |
A Difficult Relationship |
title_full |
A Difficult Relationship |
title_fullStr |
A Difficult Relationship |
title_full_unstemmed |
A Difficult Relationship |
title_sort |
difficult relationship |
publisher |
World Bank, Washington, DC |
publishDate |
2016-12 |
url |
http://documents.worldbank.org/curated/en/580621481812347679/A-difficult-relationship-declining-but-productive-FDI-inflows-in-Turkey https://hdl.handle.net/10986/25817 |
work_keys_str_mv |
AT kalemliozcansebnem adifficultrelationship AT sanchezmartinmigueleduardo adifficultrelationship AT thiriongilles adifficultrelationship AT kalemliozcansebnem decliningbutproductivefdiinflowsinturkey AT sanchezmartinmigueleduardo decliningbutproductivefdiinflowsinturkey AT thiriongilles decliningbutproductivefdiinflowsinturkey AT kalemliozcansebnem difficultrelationship AT sanchezmartinmigueleduardo difficultrelationship AT thiriongilles difficultrelationship |
_version_ |
1807157566926487552 |