The purpose of this study is to analyze whether or not foreign capital movements, which have increased
along with globalization, have contributed to economic growth for countries. For this purpose, analyzing
the effect of these variables on economic growth is attempted by using data from 1994-2017 on the fixed
capital investments, labor-force participation rate, foreign direct investments, net foreign-trade revenues,
and short-term foreign debt of Turkey’s economy alongside those of Brazil, Russia, India, China, and South
Africa (known as BRICS countries in the literature) . In the short term within the six countries that the
analysis has been performed, coefficient values belonging to short-term foreign resources are positively estimated only for Russia, Turkey, and China. Of these countries, however, while the analysis results have been found to be statistically significant for the economies of Russia and Turkey, the results obtained for China could not be surmised as statistically significant. Of the results obtained on the long term, despite the coefficient values for short-term foreign resources being positive for Russia, India, and Brazil, only the analysis performed for Brazil is seen to have been estimated as statistically significant.