Burcu Türkcan

Endogenous Determination of FDI Growth and Economic Growth:The OECD Case

This paper tests the endogenous relationship between Foreign Direct Investment (FDI) growth and economic growth using a panel data set for 23 Organisation for Economic Co-operation and Development (OECD) countries for the period 1975-2004. In particular we estimate a two-equation simultaneous equation system with the Generalised Methods of Moments (GMM) that treat economic growth and FDI growth as endogenous variables. We find that FDI growth and economic growth are significant determinants of each other. We also find that export growth rate and human capital are statistically significant determinants of both FDI growth and economic growth. Our findings lead us to conclude that FDI growth and economic growth have an endogenous relationship.

Knowledge Externalities and Knowledge Spillovers in Social Networks: The Case of Izmir Metalwork Industrial District

Abstract Social networks are the networks based on relationships between social entities. Since social interactions are directly associated with externalities, these relationships are assumed to create opportunities for the network members by providing especially knowledge flows. In this context, the main objective of this study is to show the role of knowledge externalities in social networks. By following this aim, some theoretical derivations are delivered and survey results in a small-world network are explained. Consequently, after a brief introduction, the first section of this study consists of a theoretical model derived by including knowledge externalities in social networks. In the second section, a survey applied in Izmir Metalwork Industrial District is explained. Finally, in the third section, survey results are presented and then conclusions and discussions for further research are revealed. Contributions of this study to the related literature are three-fold. Firstly, knowledge externalities are added to the models of knowledge flows in social networks explicitly. Secondly, a questionnaire trying to measure knowledge spillovers and knowledge externalities separately is introduced and applied for the first time in the literature. Finally, such an analysis is the first for Izmir which is the third metropolitan city of Turkey.Social networks are the networks based on relationships between social entities. Since social interactions are directly associated with externalities, these relationships are assumed to create opportunities for the network members by providing especially knowledge flows. In this context, the main objective of this study is to show the role of knowledge externalities in social networks. By following this aim, some theoretical derivations are delivered and survey results in a small-world network are explained. Consequently, after a brief introduction, the first section of this study consists of a theoretical model derived by including knowledge externalities in social networks. In the second section, a survey applied in Izmir Metalwork Industrial District is explained. Finally, in the third section, survey results are presented and then conclusions and discussions for further research are revealed. Contributions of this study to the related literature are three-fold. Firstly, knowledge externalities are added to the models of knowledge flows in social networks explicitly. Secondly, a questionnaire trying to measure knowledge spillovers and knowledge externalities separately is introduced and applied for the first time in the literature. Finally, such an analysis is the first for Izmir which is the third metropolitan city of Turkey.

TURİST HAREKETLERİ İLE KONUT SATIŞLARI İLİŞKİSİ: PANEL GRANGER NEDENSELLİK VE EŞANLI DENKLEM SİSTEMİ ANALİZLERİ

Turizm ve konut sektorleri, ekonomide olusturduklari ileri ve geri baglantilari nedeniyle iktisadi acidan kritik oneme sahip iki sektordur. Literaturde bu sektorlerin makroiktisadi etkileri uzerine bircok calisma bulunmakla birlikte, iki sektor arasindaki iliskiler uzerine calismalarin sinirli bir bakis acisina sahip oldugu gorulmektedir. Bu baglamda bu calismanin amaci, Turkiye’de bolgelere yonelik turist hareketleri ile konut satislari arasindaki iliskinin ekonometrik yontemlerle incelenerek iki sektor arasindaki iliskinin elde edilebilen veriler isiginda aydinlatilmasidir. Calisma, Turkiye icin benzer bir ekonometrik uygulama bulunmamasi noktasinda literature katki yapmayi hedeflemektedir. Bu baglamda calismada 2008 – 2015 doneminde Turkiye’nin 81 ili icin turizm hareketleri ve konut satislari arasindaki iliskileri tespit etmeye yonelik olarak panel veri analizleri yapilmaktadir. Tahminleme sonuclarina gore yerli ve yabanci turist sayisi ile illerdeki konut satis miktarlari arasinda karsilikli bir nedensellik iliskisi soz konusudur. Ayrica yabanci turist sayisi ile konut satislari arasinda negatif iliski oldugu, ancak yerli turist sayisi ile konut satislari arasinda pozitif iliski bulundugu tespit edilmistir.