Foreign Direct Investment in Turkey : Regional Determinants by Joel Deichmann

نویسندگان

  • Joel Deichmann
  • Socrates Karidis
  • Selin Sayek
چکیده

The uneven regional distribution of foreign direct investment (FDI) in Turkey poses an interesting question from the perspective of multinational firms (MNFs) and policymakers alike. This paper focuses on the factors governing the location decision of MNFs within Turkey with specific reference to policy implications. Using a conditional logit model, we find that agglomeration, depth of local financial markets, human capital, and coastal access dominate the location decision for the aggregate sample of foreign investors in Turkey. Our study reveals no evidence that public investment is successful in attracting MNFs to particular regions. Also importantly, the location determinants vary dramatically by broad industrial category, investment composition, and origin country characteristics, including income category and region. J.E.L. classification: F23, R12, R30

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تاریخ انتشار 2003