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Copyright of Journal of Research in Economics, Politics & Finance / Ekonomi, Politika & Finans Arastirmalari Dergisi is the property of Journal of Research in Economics, Politics & Finance and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The purpose of this study; To examine the impact of econometric capital flows and external debt growth of Turkey for the period 1986- 2018. One of the most important problems of the developing countries like Turkey is the lack of the resources needed to grow domestic savings and capital accumulation. Employment becomes an important problem, especially if sufficient resources are not available to ensure development and growth. Therefore, developing countries have to grow at certain rates. The resources required for development can be solved by borrowing foreign debt, attracting foreign direct investments to the country and foreign portfolio investments. As investment expenditures are made to increase production, the level of employment increases, capital accumulation expands and consequently national income increases. External debt is also seen as an important source for developing countries. However, the important point here is the level of foreign debt and the purpose of this debt. Because, excessive external borrowing affects growth negatively. In the analyzes, the stationarity of the variables was first analyzed with the unit root test Lee-Strazicich (2003). Afterwards, Maki (2012) analyzed whether there is a long-run relationship between capital movements and external debt and growth. Finally, Stock and Watson (1993) estimated the long-term coefficients with DOLS. According to the analysis findings, it was determined that capital movements, external debt and growth, act together in the long term. According to the long-term coefficient estimator results, it was found that direct investments positively affect economic growth, portfolio investments negatively affect economic growth. On the other hand, the effect of foreign debts on economic growth up to the threshold value (52%) was positively affected, however, if this threshold was exceeded, it was found to affect growth negatively. [ABSTRACT FROM AUTHOR]

Most of the world's economies (both developing and developing countries) need international capital (external financing) for new investments. Especially developing countries have to make new investments in order to ensure the continuation of the economic growth process and to ensure their development. However, both the macro economic growth and the national savings required to realize the development moves may be inadequate for the new investments expected in the economic growth process. Therefore, foreign savings (international capital) are needed. As a result, investments should be increased in order to increase the national income, employment and welfare of the country. In order to achieve this, they have to move towards foreign savings instead of financial resources that are insufficient within the country. This source is naturally in the form of foreign borrowing, often called foreign capital. These developed and rich countries or, in other words, countries that have a surplus of savings, want to return to their idle funds and to maintain the real value of their wealth. Turkey's economy because it is an economy that is among the countries with negative savings needs foreign savings. In this study; Turkey's economy in the process that took place after the 2008 world economic crisis, in terms of macroeconomic variables will affect Turkey on foreign capital sources, created in the economy. [ABSTRACT FROM AUTHOR]

The economies with savings deficit and capital accumulation shortage implemented policies for financial liberalization under the influence of neoliberal policies. Therefore, foreign capital restrictions removed in order to increase foreign capital volumes. Similarly, since the 1990s, Turkey has also liberalized the foreign capital inflow towards financial liberalization. But, the reasons like financial structure, macroeconomic instability and political turmoil increased the Turkey's crisis trend and thus Turkey experienced severe crisis due to the effect of sudden stops in capital movements. In addition, the positive contributions of any foreign capital inflow to economies cannot be ignored. In this study, the effects of short - term capital movements and reel exchange rate on economic growth are examined both theoretically and empirically. The industrial production index as a proxş for economic growth, real effective exchange rate based on Producer Price Index and portfolio investment as indicators of short-term capital movements were used as variables for the period of January 2005-January 2018. The relationship between variables was analyzed by ARDL, FMOLS, DOLS and Markov Switching models. According to the results, while real exchange rate had a negative impact on industrial production, portfolio investments did not have a significant effect on industrial production. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Management & Economics Research is the property of Journal of Management & Economics Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)