Abstract:

In the study, the rising market economy of 15 countries; Argentina, Brazil, China, South Africa, India, Colombia, Latvia, Hungary, Malaysia, Mexico, Poland, Russia, Thailand, Turkey, Ukraine, direct foreign investments, domestic savings levels, total reserves and the impact of external trade on the overall factor efficiency of the period [2000-2017] were analyzed by panel data analysis method taking into account horizontal cut dependency using annual data from the period. The stagnation of the series; the second-generation unit root tests that take into account the dependency of the horizontal cut, Smith vd. It was studied by Bootstrap (2004) test, and the presence of the matching relationship was analyzed by the Durbin-H (Durbin-Hausman) test developed by Westerlund (2008). After the analysis of integration, the method AMG (Augmented Mean Group Estimator) was used to predict long-term ratings. According to the study, with regard to the effects on foreign direct investments, domestic savings, total reserves and external trade’s overall factor efficiency, foreign direct investments, domestic savings and external trade’s positive total reserves have negative statistically significant effects.

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