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Öğe European Union’s Fiscal Aids and Its Effects on Member and Non-Member Countries: Turkey Case(İstanbul Gelişim Üniversitesi Yayınları / Istanbul Gelisim University Press, 2015-04-28) Ay, İsmail Cem; Turgan, ErdemSince its foundation in XX. century, EU has remarkably developed within time and has reached today's status. It has always been one of the basic aims of EU to develop several mechanisms in order to help financially to its members and to the countries which are not members too for their easy integration to the Union. The main target of EU financial aids is to generally ensure the sustainable development of economic activities of member countries in conformity with the accepted economic policies of EU and to increase the harmony between EU and non-member countries. Therefore this study is intended to explain the impact of European Union’s fiscal aids on member or non-member countries.Öğe Macroeconomic Effects of Foreign Direct Investments on Fragile Five Countries(İstanbul Gelişim Üniversitesi Yayınları / Istanbul Gelisim University Press, 2022) Baykal, Muhammet Melikşah; Turgan, ErdemThis study investigates the effects of foreign direct investments (FDI) on the export and gross domestic product (GDP) in the original fragile five countries for the period 1990-2017. For the sake of the analysis, annual data is used, and two econometric models are utilized to determine the stationary of variables, their long-term relationship, regression coefficients, and causality relationship between variables. The regression results indicate that a 1% rise in FDI stock increases exports by 0.06% where a 1% rise in imports increases exports by 0.81%. On the other hand, a 1% growth in FDI increases GDP by 0.12% where a 1% rise in exports, increase GDP by 0.79%. The causality test results show that there is a bidirectional relationship between FDI and Imports and GDP, unidirectional relationship from FDI to exports, and bidirectional relationship between GDP and exports.