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August 25, 2026
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Outward Foreign Direct Investment in Emerging Economies: A Case of Turkey

Ch. 12. P. 244–257.
Demir A. O., Moiz M.

Outward Foreign Direct Investment (OFDI) has been utilized by developed economies to enter developing markets for competitive advantages. However, recent boom in OFDI from emerging economies has prompted the question as to why these economies are investing abroad? A modest amount of literature exists regarding China and India, however, Turkey being an emerging economy has been largely untapped when it comes to determinants of OFDI. This study uses the Global Competitiveness Index (GCI) to find host and home country factors which have led to OFDI from Turkey to their top 10 investment destinations for the past 10 years. The host country factors found to be significantly correlated with Turkish OFDI are innovation (Netherlands and Russia), technological readiness (Russia and UK), labor market efficiency (Netherlands), infrastructure (Netherlands), domestic market size (Germany), and exports (UK). The home factors found to be significantly correlated with Turkish OFDI are infrastructure and domestic competition.

Language: English
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Keywords: foreign direct investmentemerging economiesFDI

In book

Outward Foreign Direct Investment (FDI) in Emerging Market Economies
Dorożyński T., Kuna-Marszałek A. IGI Global, 2017.
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