Cilt 13 Sayı 4 (2025): Business & Management Studies: An International Journal
Makaleler

Fiziksel sermaye, sanayi katma değeri ve doğrudan yabancı yatırımların ekonomik büyüme üzerindeki etkisi: AB ülkelerinden kanıtlar

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  • Mücahit Ülger
Mücahit Ülger
Dr. Öğr. Üyesi, Kırşehir Ahi Evran Üniversitesi, Kırşehir, Türkiye

Yayınlanmış 25.12.2025

Anahtar Kelimeler

  • Economic Growth, Physical Capital, Industry Value Added, Foreign Direct Investment, Labour Force, CS-ARDL Model
  • Ekonomik Büyüme, Fiziksel Sermaye, Sanayi Katma Değeri, Doğrudan Yabancı Yatırımlar, İşgücü, CS-ARDL Modeli

Nasıl Atıf Yapılır

Fiziksel sermaye, sanayi katma değeri ve doğrudan yabancı yatırımların ekonomik büyüme üzerindeki etkisi: AB ülkelerinden kanıtlar. (2025). Business & Management Studies: An International Journal, 13(4), 1868-1884. https://doi.org/10.15295/bmij.v13i4.2649

Telif Hakkı (c) 2025 Mücahit Ülger

Creative Commons License

Bu çalışma Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License ile lisanslanmıştır.

Nasıl Atıf Yapılır

Fiziksel sermaye, sanayi katma değeri ve doğrudan yabancı yatırımların ekonomik büyüme üzerindeki etkisi: AB ülkelerinden kanıtlar. (2025). Business & Management Studies: An International Journal, 13(4), 1868-1884. https://doi.org/10.15295/bmij.v13i4.2649

Öz

Bu çalışmada, 1995-2024 döneminde Avrupa Birliği (AB) ülkeleri örnekleminde ekonomik büyüme ile fiziksel sermaye, sanayi katma değeri, doğrudan yabancı yatırımlar ve işgücü arasındaki ilişki panel veri analiziyle incelenmiştir. Öncelikle seriler arasında yatay kesit bağımlılığı testi uygulanmış ve ülkeler arasında güçlü bir bağımlılık yapısının varlığı ortaya konmuştur. Daha sonra birim kök testleri gerçekleştirilmiş ve serilerin durağanlık düzeylerine göre Panel ARDL yönteminin uygun olduğu tespit edilmiştir. Ancak nihai olarak panelde belirlenen güçlü yatay kesit bağımlılığı ve heterojenlik nedeniyle daha güvenilir sonuçlar elde edebilmek amacıyla CS-ARDL modelinin kullanılmasına karar verilmiştir. Elde edilen bulgular, kısa dönem analizlerinde sanayi katma değeri değişkeninin ekonomik büyüme üzerinde negatif ve istatistiksel olarak anlamlı bir etkiye sahip olduğunu, diğer değişkenlerin kısa vadeli etkilerinin ise anlamlı olmadığını göstermektedir. Uzun dönem analiz sonuçlarına göre ise sanayi katma değeri ve fiziksel sermaye değişkenlerinin ekonomik büyüme üzerinde pozitif yönde etkiler ürettiği belirlenmiştir. Buna karşın, doğrudan yabancı yatırımlar ve işgücü değişkenlerinin uzun dönem katsayıları istatistiksel olarak anlamlı bulunmamıştır. Bu sonuçlar genel olarak değerlendirildiğinde, ekonomik büyümenin sürdürülebilirliği açısından fiziksel sermaye ve sanayi üretiminde katma değer yaratımının AB ülkeleri örnekleminde temel belirleyici unsurlar olduğunu göstermektedir. Bununla birlikte, doğrudan yabancı yatırımların ve işgücü arzının uzun vadede büyümeye anlamlı katkı sağlamaması, bu alanlarda yapısal politikaların gözden geçirilmesi gerektiğine işaret etmektedir.

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