Abstract:The aim of this paper is to explore, by estimating a cross-sectional econometric model, the determining factors of foreign direct investment (FDI) inflows in developing countries over the period of 2000-2004. The study is based on a sample of cross-sectional data on 38 developing countries. We have used average value of all data for the 2000-2004 period. In the models, dependent variable is FDI. Independent variables are growth rate of per capita GDP, inflation rate, telephone main lines per 1,000 people measured in logs, labour cost per worker in manufacturing industry measured in logs, degree of openness, risk and corporate top tax rate. According to the econometric results, in the main model, growth rate of per capita, telephone main lines and degree of openness have positive sign and are statistically significant. Inflation rate and tax rate present negative sign and are statistically significant. Labour cost has positive sign and risk has negative sign. However, both are not significant.

This paper aims to investigate the effect of exchange-rate stability on real export volume in Turkey, using monthly data for the period February 2001 to January 2010. The Johansen multivariate cointegration method and the parsimonious error-correction model are applied to determine long-run and short-run relationships between real export volume and its determinants. In this study, the conditional variance of the GARCH (1, 1) model is taken as a proxy for exchange-rate stability, and generalized impulse-response functions and variance-decomposition analyses are applied to analyze the dynamic effects of variables on real export volume. The empirical findings suggest that exchangerate stability has a significant positive effect on real export volume, both in the short and the long run.

The female labor participation is recently considered as one of the factors leading to economic development in developing countries by amplifying total labor force as qualitative and quantitative. In this study, the authors investigate the factors affecting female labor participation in developing countries, applying panel data model for 83 developing countries over the period of 1990-2014. Empirical results indicate that u-shaped and incompatibility hypotheses are valid in the developing countries. Additionally, improving education levels and increasing male participation in labor markets lead women to more participate in labor markets. These results show the importance of enhancing education level and therefore the policies towards providing it.

Increases in nominal exchange rates lead to crucial economic problems in developing countries. Therefore, in these countries, economic policies focus on eliminating the reasons of increases in nominal exchange rates. This study examines the factors determining nominal exchange rate in 77 developing countries for the period of 2004-2016. Panel data regression model is constructed in the econometric estimations. According to empirical results, anti-inflationary policies are necessary to achieve lower nominal exchange rates in developing countries. Economic growth leads to higher nominal exchange rates. Economic policies towards increasing international reserves contribute to lower nominal exchange rates.

The female labor participation is recently considered as one of the factors leading to economic development in developing countries by amplifying total labor force as qualitative and quantitative. In this study, the authors investigate the factors affecting female labor participation in developing countries, applying panel data model for 83 developing countries over the period of 1990-2014. Empirical results indicate that u-shaped and incompatibility hypotheses are valid in the developing countries. Additionally, improving education levels and increasing male participation in labor markets lead women to more participate in labor markets. These results show the importance of enhancing education level and therefore the policies towards providing it.