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ABSTRACT This study investigates the relationship between foreign direct investment (FDI), trade openness (DA) and number of tourists (TS) variables in the Turkish economy during 1974-2014 period by using ARDL and Dolado-Lütkepohl (DL) Granger Causality Approaches. As a result of the DL Granger causality test; there was a bidirectional positive causality relationship between foreign direct investments and trade openness; there is a unidirectional positive causality relationship from the number of tourists to foreign direct investment and from trade openness to the number of tourists. As a result of the ARDL analysis, it is determined that the number of tourists and trade openness variables affect foreign direct investments
Abstracts This study investigates the relationship between foreign direct investment (FDI), trade openness (DA) and number of tourists (TS) variables in the Turkish economy during the 1974-2014 period by using ARDL and Dolado-Lütkepohl (DL) Granger Causality Approaches. As a result of the DL Granger causality test; there was a bidirectional positive causality relationship between foreign direct investments and trade openness; there is a unidirectional positive causality relationship from the number of tourists to foreign direct investment and from trade openness to the number of tourists. As a result of the ARDL analysis, it is determined that the number of tourists and trade open variables affect foreign direct investments
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