Terrorist Events and Foreign Direct Investment: Outcomes Unveiled by Robust Statistical Models in the Example of Greece

Authors : Mahir Terzi, Serkan Yenal

Pages : 1675-1704

Doi:10.18037/ausbd.1517832

View : 81 | Download : 40

Publication Date : 2024-12-23

Article Type : Research Paper

Abstract :This study examines whether the terrorist attacks impact foreign direct investments to Greece, with as much up-to-date data as possible. In this framework, hypotheses are tested within the framework of relational models through the data between 1970 and 2020. The results show a medium correlation between terrorist attacks and foreign direct investment, which is statistically significant. There is also a slightly higher correlation between terrorist attacks and foreign direct investment as a parameter of gross domestic product, which is statistically significant. Moreover, as the robust regression analysis shows, there is a bidirectional causal relationship between the variables. However, with complete data, there appears to be a causality tendency between variables by increasing foreign direct investment in the short term. At the same time, the results reveal causality from foreign direct investment to terrorist attacks.
Keywords : Doğrudan Yabancı Yatırım, Yunanistan, İlişkisel Modeller, Dayanıklı Regresyon

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