Ankara : The Department of Economics, The Institute of Economics and Social Sciences of Bilkent University, 2005.Thesis (Master's) -- Bilkent University, 2005.Includes bibliographical references leaves 70-79.This thesis investigates the effects of aid on foreign direct investment. The
study takes into account the conditions such as sound governance within countries
or well-developed financial markets, which are expected to effect this relationship.
The hypothesis is that aid encourages foreign direct investment only where
governance is of quality or financial markets are developed or both. The dynamic
relationship is examined using an unbalanced panel data set, including 97
countries over the period of 1960-2004, where available. The results of the
empirical analysis confirm the hypothesis with strong evidence.Karakaplan, Mustafa UğurM.S
