Abstract
One of the issues considered important by investors is the concept of security. Investors want to continue their commercial activities in areas, where protection of rights, risks can be predicted, and profitability is high. It is thought that in the regions, where these elements were determined, commercial activities widen and they positively affect GDP of the invested country. Depending on this forecast, the relationship between the annual data of Corruption Perception Index, prepared by Transparency International, and the GDP data of the Balkan countries will be investigated.In this Study, panel causality analysis of Balkan countries will be made by using the annual GDP, foreign direct investments, and Corruption Perception Index data for 2008-2016 and the results obtained will be discussed.
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