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Journals / Uluslararası İktisadi ve İdari İncelemeler Dergisi / 2016 / Sayı: 16

ECONOMIC AND INSTITUTIONAL DETERMINANTS OF CAPITAL FLIGHT IN TRANSITION ECONOMIES

GEÇİŞ EKONOMİLERİNDE SERMAYE KAÇIŞLARININ EKONOMİK VE KURUMSAL BELİRLEYİCİLERİ 1

NURAN ÖZTÜRK OFLUOĞLU
SEYFETTİN ARTAN
Pages
171–196
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Our empirical results show that determinants of capital flight derived from residual and hot money methods are different from each other base upon measuring method.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Capital flight is one of the main discussion points in the theoretical and empirical economic literature in terms of its definition, measurement, determinants and impacts.
📊
Key Findings & Data:In this paper economic and institutional determinants of capital flight are examined using panel data for 26 transition economies.
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Conclusion & Impact:Our empirical results show that determinants of capital flight derived from residual and hot money methods are different from each other base upon measuring method.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

Capital flight is one of the main discussion points in the theoretical and empirical economic literature in terms of its definition, measurement, determinants and impacts. In this paper economic and institutional determinants of capital flight are examined using panel data for 26 transition economies. Our empirical results show that determinants of capital flight derived from residual and hot money methods are different from each other base upon measuring method. Main determinants of capital flight for hot money method are economic variables. On the other hand, capital flight measured by using residual method is affected by institutional variables rather than economic variables.

Özet

Sermaye kaçışları, tanımı, ölçülmesi, belirleyicileri ve etkileri açısından teorik ve ampirik iktisat yazınının temel tartışma konularından biridir. Bu çalışmada, sermaye kaçışlarının ekonomik ve kurumsal belirleyicileri 26 geçiş ekonomisi için panel veri analiz yöntemi kullanılarak test edilmiştir. Elde edilen sonuçlara göre, bakiye ve sıcak para yöntemleri kullanılarak ölçülen sermaye kaçışlarının belirleyicileri, sermaye kaçışı ölçüm yöntemine göre farklılık arz etmektedir. Sıcak para yöntemine göre ölçülen sermaye kaçışlarının temel belirleyicisi ekonomik faktörlerdir. Buna karşılık, bakiye yöntemine göre ölçülen sermaye kaçışları ekonomik faktörlerden ziyade kurumsal faktörler tarafından belirlenmektedir.

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Cite This Article

OFLUOĞLU, N. Ö., ARTAN, S. (2016). ECONOMIC AND INSTITUTIONAL DETERMINANTS OF CAPITAL FLIGHT IN TRANSITION ECONOMIES. Uluslararası İktisadi ve İdari İncelemeler Dergisi, Sayı: 16, 171–196. https://ajindex.com/articles/322620

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