Akademik Veri Yönetim Sistemi
The Journal of Social Science, cilt.4, sa.7, ss.102-109, 2020 (Hakemli Dergi)
The level of national income is an indicator for the level of development. Besides, when the
population is taken into account for the potential of the country, income per capita becomes also
important. Foreign direct investments (FDI), are important for economic growth and foreign trade
especially for developing countries. Developing countries try to attract foreign investments to improve
their economies. Because, the economic growth theory suggests that accumulation of capital
contributes to economic growth. The aim of this study is to investigate the effect of foreign direct
investments on economic growth and export in D-8 countries, which is an organization for economic
cooperation, namely Bangladesh, Indonesia, Malaysia, Pakistan, Nigeria, Egypt, Iran and Turkey. For
this aim the dynamic panel data analysis is used to investigate the effect of foreign direct investments
on economic growth and export for those countries over the period 1994-2018 and the findings of this
study reveal that foreign direct investments have positive and significant effect on both growth and
export.
Key Words: Foreign Direct Investments, Export, Growth, D8