Özet:

The level of development of countries is determined by many factors. In particular, foreign direct investments for developing countries are considered to be the driving force of economic growth and development. However, the decisions of foreign direct investors are established according to the conditions of the countries. Transportation infrastructure investments also constitute one of the most important factors determining foreign direct investment and economic growth and development. It is seen that states are aware of this situation and spend significant levels to improve their infrastructure in transportation. Transportation infrastructure is undoubtedly one of the critical tools that make a country an attractive place. Countries with strong transportation infrastructure have reduced transportation costs and accelerated delivery of goods. However, the economic and social relations that have increased with the development of the transportation infrastructure can also contribute to the recovery of the economy. Therefore, the level of development of the transportation infrastructure in the country where they will invest is extremely important for the foreign investors. Since there are not enough studies in the literature focusing on the relationship between transportation infrastructure expenditures and foreign direct investments in OECD countries, this study contributes to the literature in this respect. In this study, the effects of transportation infrastructure expenditures on foreign direct investments were analyzed by panel data method for 30 OECD countries and 1997-2016 period. Analysis findings showed that transportation infrastructure expenditures have a positive relationship with foreign direct investments.

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