The Effect of Foreign Direct Investment (FDI) Stock on Sustainable Growth in Türkiye: Endogenous Growth with ARDL Approach
Journal: Preprints.org
Year: 2026

This study uses an endogenous growth framework to investigate the impact of foreign direct investment (FDI) stocks on sustainable economic growth in Türkiye between 1970 and 2024. Unlike most existing literature, this analysis uses the perpetual inventory method to construct separate stocks of domestic and foreign capital, allowing the growth effects of different types of capital to be disentangled. The model also incorporates a human capital index developed by Hall and Jones (1999) and a proxy