foreign firms, the impact of spillover effect of inward FDI is contingent upon the productivity gap between the domestic firms … productivity gap between domestic low-productivity firms and foreign firms and works conversely for high-productivity firms. This … result suggests that once the productivity gap widens, the entry of foreign firms will increase the efficiency of high-productivity …

This paper empirically investigates the volatility interactions between the international capital inflows to Turkey and … GARCH model, it is shown that there are volatility spillovers from the capital inflows to growth in Turkey. Some earlier … Turkey. According to their results, as the mean value of capital inflows to Turkey increases, so does the conditional mean …