{"id":"https://openalex.org/W7204822005","doi":"https://doi.org/10.59890/ijefbs.v4i4.14","title":"Macroeconomic Indicators, Government Quality, and Financial Markets as Determinants of Turkish FDI Inflows","display_name":"Macroeconomic Indicators, Government Quality, and Financial Markets as Determinants of Turkish FDI Inflows","publication_year":2026,"publication_date":"2026-08-20","ids":{"openalex":"https://openalex.org/W7204822005","doi":"https://doi.org/10.59890/ijefbs.v4i4.14"},"language":"en","primary_location":{"id":"doi:10.59890/ijefbs.v4i4.14","doi":"https://doi.org/10.59890/ijefbs.v4i4.14","is_oa":true,"landing_page_url":"https://doi.org/10.59890/ijefbs.v4i4.14","pdf_url":"https://journalijefbs.my.id/index.php/ijefbs/article/download/14/37","source":{"id":"https://openalex.org/S4390963412","display_name":"International Journal of Economic Finance and Business Statistics","issn_l":"3025-9959","issn":["3025-9959"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Economic, Finance and Business Statistics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://journalijefbs.my.id/index.php/ijefbs/article/download/14/37","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5094170218","display_name":"Bintang Akbar Nusantara","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I3130997290","display_name":"University of Pembangunan Nasional Veteran Jawa Timur","ror":"https://ror.org/05sbm1c04","country_code":"ID","type":"education","lineage":["https://openalex.org/I3130997290"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Bintang Akbar Nusantara","raw_affiliation_strings":["UPN \u201cVeteran\u201d Jawa Timur"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"UPN \u201cVeteran\u201d Jawa Timur","institution_ids":["https://openalex.org/I3130997290"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5139282357","display_name":"M. Taufiq","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I3130997290","display_name":"University of Pembangunan Nasional Veteran Jawa Timur","ror":"https://ror.org/05sbm1c04","country_code":"ID","type":"education","lineage":["https://openalex.org/I3130997290"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"M. Taufiq","raw_affiliation_strings":["UPN \u201cVeteran\u201d Jawa Timur"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"UPN \u201cVeteran\u201d Jawa Timur","institution_ids":["https://openalex.org/I3130997290"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I3130997290"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.5420799,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"4","issue":"4","first_page":"353","last_page":"370"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.9204000234603882,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.9204000234603882,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.033799998462200165,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.02539999969303608,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/foreign-direct-investment","display_name":"foreign direct investment","score":0.8799999952316284},{"id":"https://openalex.org/keywords/fdi-determinants","display_name":"determinants of FDI","score":0.8579999804496765},{"id":"https://openalex.org/keywords/government-quality","display_name":"government quality","score":0.7279999852180481},{"id":"https://openalex.org/keywords/financial-market-development","display_name":"financial market development","score":0.8799999952316284},{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.6859999895095825},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.9259999990463257},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9860000014305115},{"id":"https://openalex.org/keywords/stock-market-performance","display_name":"stock market performance","score":0.9440000057220459},{"id":"https://openalex.org/keywords/macroeconomic-indicators","display_name":"macroeconomic indicators","score":0.7540000081062317},{"id":"https://openalex.org/keywords/turkey","display_name":"Turkey","score":0.47200000286102295},{"id":"https://openalex.org/keywords/currency-stability","display_name":"currency stability","score":0.8109999895095825}],"concepts":[{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.612500011920929},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6071000099182129},{"id":"https://openalex.org/C159009313","wikidata":"https://www.wikidata.org/wiki/Q5283159","display_name":"Distributed lag","level":2,"score":0.605400025844574},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5428000092506409},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5426999926567078},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.5115000009536743},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.4950000047683716},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.4803999960422516},{"id":"https://openalex.org/C143910263","wikidata":"https://www.wikidata.org/wiki/Q750458","display_name":"Capital market","level":2,"score":0.4690999984741211},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.4595000147819519},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.4397999942302704},{"id":"https://openalex.org/C2993230221","wikidata":"https://www.wikidata.org/wiki/Q431095","display_name":"Turkish economy","level":3,"score":0.4065999984741211},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.4050999879837036},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.3995000123977661},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.3928000032901764},{"id":"https://openalex.org/C114350782","wikidata":"https://www.wikidata.org/wiki/Q12638","display_name":"Gross domestic product","level":2,"score":0.3815999925136566},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.36959999799728394},{"id":"https://openalex.org/C2781356325","wikidata":"https://www.wikidata.org/wiki/Q1929688","display_name":"Government spending","level":3,"score":0.3614000082015991},{"id":"https://openalex.org/C2777747085","wikidata":"https://www.wikidata.org/wiki/Q5449743","display_name":"Financial sector development","level":3,"score":0.36000001430511475},{"id":"https://openalex.org/C536366893","wikidata":"https://www.wikidata.org/wiki/Q66076","display_name":"Foreign exchange market","level":3,"score":0.3569999933242798},{"id":"https://openalex.org/C88389905","wikidata":"https://www.wikidata.org/wiki/Q223371","display_name":"Stock market index","level":4,"score":0.3546000123023987},{"id":"https://openalex.org/C2776811073","wikidata":"https://www.wikidata.org/wiki/Q1946428","display_name":"Capital control","level":4,"score":0.34929999709129333},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3449999988079071},{"id":"https://openalex.org/C2781121862","wikidata":"https://www.wikidata.org/wiki/Q256","display_name":"Turkish","level":2,"score":0.33980000019073486},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3156999945640564},{"id":"https://openalex.org/C202353208","wikidata":"https://www.wikidata.org/wiki/Q1167393","display_name":"Economic indicator","level":2,"score":0.3142000138759613},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.30309998989105225},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3001999855041504},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.29980000853538513},{"id":"https://openalex.org/C75778745","wikidata":"https://www.wikidata.org/wiki/Q342626","display_name":"Lag","level":2,"score":0.2989000082015991},{"id":"https://openalex.org/C73374054","wikidata":"https://www.wikidata.org/wiki/Q2995667","display_name":"Economic stability","level":2,"score":0.2919999957084656},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.2903999984264374},{"id":"https://openalex.org/C82843974","wikidata":"https://www.wikidata.org/wiki/Q205231","display_name":"Interest rate parity","level":3,"score":0.2856999933719635},{"id":"https://openalex.org/C134024062","wikidata":"https://www.wikidata.org/wiki/Q1401229","display_name":"Error correction model","level":3,"score":0.28139999508857727},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.2718000113964081},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.26969999074935913},{"id":"https://openalex.org/C181683161","wikidata":"https://www.wikidata.org/wiki/Q7301159","display_name":"Real gross domestic product","level":2,"score":0.2685000002384186},{"id":"https://openalex.org/C133029050","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Vector autoregression","level":2,"score":0.26499998569488525},{"id":"https://openalex.org/C165705269","wikidata":"https://www.wikidata.org/wiki/Q1542397","display_name":"Foreign exchange risk","level":3,"score":0.2599000036716461},{"id":"https://openalex.org/C2992337254","wikidata":"https://www.wikidata.org/wiki/Q31275820","display_name":"Financial stability","level":2,"score":0.2583000063896179}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.59890/ijefbs.v4i4.14","doi":"https://doi.org/10.59890/ijefbs.v4i4.14","is_oa":true,"landing_page_url":"https://doi.org/10.59890/ijefbs.v4i4.14","pdf_url":"https://journalijefbs.my.id/index.php/ijefbs/article/download/14/37","source":{"id":"https://openalex.org/S4390963412","display_name":"International Journal of Economic Finance and Business Statistics","issn_l":"3025-9959","issn":["3025-9959"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Economic, Finance and Business Statistics","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.59890/ijefbs.v4i4.14","doi":"https://doi.org/10.59890/ijefbs.v4i4.14","is_oa":true,"landing_page_url":"https://doi.org/10.59890/ijefbs.v4i4.14","pdf_url":"https://journalijefbs.my.id/index.php/ijefbs/article/download/14/37","source":{"id":"https://openalex.org/S4390963412","display_name":"International Journal of Economic Finance and Business Statistics","issn_l":"3025-9959","issn":["3025-9959"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Economic, Finance and Business Statistics","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.7825999855995178}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7204822005.pdf","grobid_xml":"https://content.openalex.org/works/W7204822005.grobid-xml"},"referenced_works_count":21,"referenced_works":["https://openalex.org/W2980255300","https://openalex.org/W3013837834","https://openalex.org/W3044561738","https://openalex.org/W3184561827","https://openalex.org/W3187982804","https://openalex.org/W3199761340","https://openalex.org/W3204519809","https://openalex.org/W4213050266","https://openalex.org/W4285194801","https://openalex.org/W4394922425","https://openalex.org/W4395004587","https://openalex.org/W4400372601","https://openalex.org/W4404932843","https://openalex.org/W4405629603","https://openalex.org/W4406121384","https://openalex.org/W4409667412","https://openalex.org/W4411309698","https://openalex.org/W7124740006","https://openalex.org/W7127194430","https://openalex.org/W7128094014","https://openalex.org/W7128158274"],"related_works":["https://openalex.org/W7213897902","https://openalex.org/W226365178","https://openalex.org/W3117166797","https://openalex.org/W4213257744","https://openalex.org/W2885153723","https://openalex.org/W3108605417","https://openalex.org/W2967541455","https://openalex.org/W2587293476","https://openalex.org/W7205420322","https://openalex.org/W3005855759"],"abstract_inverted_index":{"This":[0],"study":[1],"analyzes":[2],"the":[3,21,30],"determinants":[4],"of":[5,33],"Foreign":[6],"Direct":[7],"Investment":[8],"(FDI)":[9],"inflows":[10],"in":[11],"Turkey":[12],"across":[13],"quarterly":[14],"observations.":[15],"Using":[16],"a":[17,55],"quantitative":[18],"approach":[19],"with":[20],"Autoregressive":[22],"Distributed":[23],"Lag":[24],"(ARDL)":[25],"model,":[26],"this":[27],"paper":[28],"investigates":[29],"dynamic":[31],"impacts":[32,69],"interest":[34,73],"rates,":[35,39],"economic":[36],"growth,":[37],"exchange":[38,52],"government":[40,60,90],"index,":[41],"and":[42,62,75,92,106],"stock":[43,63],"market":[44,64,94],"performance.":[45],"The":[46],"long-run":[47],"empirical":[48],"results":[49],"indicate":[50],"that":[51,86],"rates":[53,74],"exert":[54],"significant":[56,67],"negative":[57],"effect,":[58],"while":[59],"index":[61],"development":[65],"show":[66],"positive":[68],"on":[70,103],"FDI.":[71],"Conversely,":[72],"gross":[76],"domestic":[77],"product":[78],"demonstrate":[79],"no":[80],"statistical":[81],"significance.":[82],"These":[83],"findings":[84],"imply":[85],"foreign":[87],"investors":[88],"prioritize":[89],"quality":[91],"financial":[93],"depth":[95],"over":[96],"nominal":[97],"macroeconomic":[98],"indicators.":[99],"Policymakers":[100],"should":[101],"focus":[102],"structural":[104],"strengthening":[105],"currency":[107],"stability":[108],"to":[109],"sustain":[110],"capital":[111],"inflows.":[112]},"counts_by_year":[],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2026-09-01T00:00:00"}
