DOI: 10.18092/ulikidince.286749 MakaleŶiŶ Geliş Tarihi ;ReĐieved DateͿ: 20/01/2017 YayıŶa Kaďul Tarihi (Acceptance Date): 05/05/2017 FOREIGN DIRECT INVESTMENTS, EXPORT AND ECONOMIC GROWTH: EVIDENCES FROM SELECTED DEVELOPING COUNTRIES Ali Rıza “ANDALCILAR 1 ÖŶder DİLEK 2 Abstract The purpose of this study is to analyze the relationship among foreign direct investments, export and economic growth, and to provide evidence from 44 selected developing countries. Firstly, the data sets consisting of annual data in the period of 2000-2014 were subjected to LLC, IPS and Hadri panel unit root tests and it was concluded that the series did not have unit roots in their level values. The causality relationship among the series was determined using the Dumitrescu-Hurlin Causality Test method. According to the results obtained, it may be argued that there is a two-way relationship of causality among the variables foreign direct investments, export and economic growth in the developing countries in question. Key Words: FDI, GDP, Export, Economic Growth, Developing Country JEL Classification: F10, F21, O40 DOĞRUDAN YABANCI YATIRIMLAR, İHRACAT ve EKONOMİK BÜYÜME: SEÇİLMİŞ GELİŞMEKTE OLAN ÜLKELERDEN KANITLAR Öz ÇalışŵaŶıŶ aŵaĐı doğƌudaŶ LJaďaŶĐı LJatıƌıŵlaƌ, ihƌaĐat ǀe ekoŶoŵik ďüLJüŵe aƌasıŶdaki ilişkiLJi aŶaliz etŵek; seçilŵiş ϰϰ gelişŵekte olaŶ ülkedeŶ kaŶıtlaƌ oƌtaLJa koLJŵaktıƌ. ÖŶĐelikle, ϮϬϬϬ-ϮϬϭϰ döŶeŵiŶe ait LJıllık ǀeƌileƌdeŶ oluşaŶ ǀeƌi setleƌi LLC, IP“ ǀe Hadƌi paŶel ďiƌiŵ kök testleƌiŶe taďi tutulŵuş ǀe seƌileƌiŶ düzeLJ değeƌleƌiŶde ďiƌiŵ kök içeƌŵedikleƌi soŶuĐuŶa ulaşılŵıştıƌ. “eƌileƌ aƌasıŶdaki ŶedeŶsellik ilişki ise DuŵitƌesĐu ǀe HuƌliŶ PaŶel NedeŶsellik Testi LJöŶteŵiLJle tespit edilŵiştiƌ. Elde edileŶ soŶuçlaƌa göƌe, söz koŶusu gelişŵekte olaŶ ülkeleƌde doğƌudaŶ LJaďaŶĐı LJatıƌıŵlaƌ, ihƌaĐat ǀe ekoŶoŵik ďüLJüŵe değişkeŶleƌi aƌasıŶda çift LJöŶlü ŶedeŶsellik ilişkisiŶiŶ ǀaƌlığıŶdaŶ söz edileďiliƌ şekliŶdediƌ. Anahtar Kelimeler: DYY, G“YİH, İhƌaĐat, EkoŶoŵik BüLJüŵe, Gelişŵekte OlaŶ Ülkeleƌ JEL Kodu: F10, F21, O40 1 Assoc. Prof., ReĐep Tayyip ErdoğaŶ UŶiversity, FaĐulty of EĐoŶoŵiĐs aŶd AdŵiŶistrative “Đi- ence, Department of Economics, aliriza.sandalcilar@erdogan.edu.tr 2 Assist. Prof., ReĐep Tayyip ErdoğaŶ UŶiversity, FıŶdıklı School of Applied Science, Depart- ment of Banking and Finance, onder.dilek@erdogan.edu.tr