Foreign Direct Investment in Turkey:  Regional Determinants

Socrates Karidis; Selin Sayek; Joel Deichmann

doi:10.1080/0003684032000126780

Foreign Direct Investment in Turkey: Regional Determinants

Socrates Karidis, Selin Sayek, Joel Deichmann

Vice-Chancellor's Office

Research output: Contribution to journal › Article › peer-review

55 Citations (Scopus)

Abstract

The uneven regional distribution of foreign direct investment (FDI) in Turkey poses an interesting question from the perspective of multinational firms (MNFs) and policy-makers alike. This paper focuses on the factors governing the location decisions of MNFs within Turkey with specific reference to policy implications. Using a conditional logit model, it is found that agglomeration, depth of local financial markets, human capital, and coastal access dominate location decisions for the aggregate sample of foreign investors in Turkey. This 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.

Original language	English
Pages (from-to)	1767-1778
Number of pages	12
Journal	Applied Economics
Volume	35
Issue number	16
DOIs	https://doi.org/10.1080/0003684032000126780
Publication status	Published - 2003

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abstract = "The uneven regional distribution of foreign direct investment (FDI) in Turkey poses an interesting question from the perspective of multinational firms (MNFs) and policy-makers alike. This paper focuses on the factors governing the location decisions of MNFs within Turkey with specific reference to policy implications. Using a conditional logit model, it is found that agglomeration, depth of local financial markets, human capital, and coastal access dominate location decisions for the aggregate sample of foreign investors in Turkey. This 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.",

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