英语翻译This study uses Turkey for its analytical setting.In lig

英语翻译
This study uses Turkey for its analytical setting.In light of the fact that Turkey is one of the fastestgrowing economies in the world and the largest economy in Eastern Europe,the Balkans and the Middle East along with its strategic location and its membership negotiations with the EU,the country is expected soon to be the subject of large volume of European FDI.With Turkey's shift from a protectionist trade regime to a more export-oriented economic liberalization since the early 1980s,the number of FDI firms has reached a total of over 6,500 with the amount of cumulative FDI inflows totaling over $16.3 billion as of 2003.While FDI is playing an increasing role in the Turkish economy,Turkey still suffers from its relatively poor record of FDI compared to its Central and East European counterparts in attracting FDI (Loewendahl and Ertugal-Loewendahl 2000).Despite the growing importance of FDI in Turkey,to date there is a dearth of evidence relating to the FDI and economic growth causality in Turkey.Drawing largely on managerial perceptions,most prior literature on FDI in Turkey has focused on explaining the key dimensions of FDI including motives (Tatoglu and Glaister 1998,2000),determinants (Erdal and Tatoglu 2002; Tatoglu et al.2003) and performance of FDI firms (Demirbag 1994; Erden 1996).Using error correction modeling (ECM) and augmented level VAR modeling with the Turkish data for the period of 1968-2002,this study provides further evidence to the relationship between FDI and growth in emerging countries.
Another novelty of this study lies in its application of the methodological procedures which allows tests of Granger causality between FDI and economic growth while accounting for the long-run information often ignored in systems that require first differencing and pre-whitening prior to inference (Awokuse 2003).
The rest of the paper is organized as follows.Section 2 provides a brief overview of the hypotheses along with a review of the empirical literature.Section 3 discusses the methodology and time-series data used in the analysis.Section 4 provides the empirical results.Section 5 concludes the paper.

这项研究为它的分析设置使用土耳其. 根据事实土耳其是一个最迅速发展的经济在世界上和最大的经济在东欧、巴尔干和中东与它的战略地点和它的与欧盟的会员资格交涉一起,国家很快预计是主题大容量欧洲FDI. 从保护贸易主义的职业政体的土耳其的转移到更加出口型的经济自由化从80年代初期, FDI企业的数量到达了总共6,500与共计$16.3十亿的相当数量渐增FDI流入在2003年. 当FDI在土耳其经济时扮演一个增长的角色,土耳其仍然遭受FDI它的相对地恶劣的纪录与它的在吸引FDI的中央和东欧相对物比较(Loewendahl和Ertugal-Loewendahl 2000). 尽管FDI的成长的重要性在土耳其,迄今有证据与FDI相关和经济增长因果关系缺乏在土耳其. 主要画在管理悟性,在FDI的多数预先的文学在土耳其集中于解释关键维度FDI包括动机(Tatoglu和Glaister 1998年, 2000),定列式(Erdal和Tatoglu 2002年; FDI Tatoglu等2003)和表现变牢固(Demirbag 1994年; Erden 1996). 使用错误校正塑造(ECM)和塑造与土耳其数据的被增添的水平VAR为1968-2002的期间,这项研究提供进一步证据给FDI和成长之间的关系在涌现的国家. 这项研究Another新奇在允许Granger因果关系测试在FDI和经济增长之间的,当占在系统时经常忽略的历时长久的信息在推断的它的方法学做法应用在(Awokuse之前要求首先differencing和前漂白2003). 本文的The其余如下被组织. 第2部分与经验主义的文学的回顾一起提供假说一个简要概述. 第3部分谈论用于分析的方法学和时间数列数据. 第4部分提供经验主义的结果. 第5部分结束本文.