Özet:

The transition economies that integrated with the market economy together with the collapse of the Soviet Union have recently increased its share of world foreign direct capital flows. In 2016, foreign direct investment in emerging countries decreased by 14%, while foreign direct investment in transition economies increased by 81%. In this direction, the main purpose of this study is to empirically investigate the determinants of foreign direct investment in 24 transition economies. Variables that are investigated the effect are income, openness rate, inflation, natural resources, infrastructure, level of economic freedom, wages and aggregation. The study includes the periods 2001-2015 and annual data are used. In the study, panel data analysis approach are used. According to the results of the analysis, income, infrastructure and aggregation have positive effects on foreign direct investment. However, there is a negative relationship between wages and foreign direct investment.

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