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Can FDI be a panacea for unemployment? The Turkish case

HISARCIKLILAR-RIEGLER, Mehtap and Gultekin-Karakas, Derya and Asici, Ahmet Atil (2013) Can FDI be a panacea for unemployment? The Turkish case. In: Labor and Employment Relations in a Globalized World- New Perpectives on Work, Social Policy and Labor Market Implications. Contributions to Economics . Springer, Switzerland, pp. 43-70. ISBN 978-3-319-04348-7

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Abstract or description

Foreign Direct Investment currently constitutes the main mechanism for
economic globalisation. Despite the rising integration of the Turkish economy into the global economy, FDI performance of Turkey remained lower than many other developing countries until the early 2000s. This was followed by a period of a boom in which Turkey attracted record levels of FDI inflows in her history. Accompanying these inflows, the country also achieved high rates of growth. However, high unemployment rates continued to be a major problem. This chapter seeks to explain the role of FDI inflows in job creation in Turkey at a sectoral level for the period 2000-2008. We use panel data analysis and find a positive, but weak relationship between FDI inflows and employment. Merger and acquisitions, as the dominant mode of foreign entry in Turkey, and/or the dominance of the FDI inflows in the financial sector after 2004 might be the reasons for this weak employment effect. Moreover, the tendency for the shift of foreign investment from low-tech to medium and high-tech industries in Turkish manufacturing could lead to the negligible effect on employment.

Item Type: Book Chapter or Section
Faculty: Faculty of Business, Education and Law > Business
Depositing User: Mehtap HISARCIKLILAR-RIEGLER
Date Deposited: 09 Nov 2016 11:38
Last Modified: 15 Dec 2016 11:17
URI: http://eprints.staffs.ac.uk/id/eprint/2885

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