Impact of Foreign Patents on Foreign Direct Investments: 1974-2012, The Case of Turkey Cover Image

Yabancı Patentlerin Doğrudan Yabancı Sermaye Yatırımları Üzerindeki Etkisi: 1974-2012 Türkiye Örneği
Impact of Foreign Patents on Foreign Direct Investments: 1974-2012, The Case of Turkey

Author(s): Hatice Armutcuoğlu Tekin, Selim Şanlisoy
Subject(s): Business Economy / Management, Recent History (1900 till today), Economic policy, Accounting - Business Administration
Published by: Kafkas Üniversitesi Sağlık, Kültür ve Spor Daire Başkanlığı Dijital Baskı Merkezi
Keywords: Foreign Direct Investment; Patents; Gregory-Hansen Cointegration Test;

Summary/Abstract: The aim of this paper is to examine the co-integration relationship between patents and foreign direct investments in Turkey. Accordingly, Gregory Hansen co-integration method is applied, which is used to see co-integration relationship under the condition of structural break. As a result of this study, the year 1984 is identified as a structural break year. The long-term relationship between patents and foreign direct investments is in a negative way before 1984, in a positive way after 1984. The patents’ monopolistic potential and making restrictions for entering the market and multinational corporations’ licensing instead of foreign direct investments can be assessed as the causes of the negative relationship. And Turkey’s liberal economic policies for foreign direct investments after 1980 can be considered the cause of the positive relationship principally.

  • Issue Year: 7/2016
  • Issue No: 12
  • Page Range: 65-88
  • Page Count: 24
  • Language: Turkish