Capital Flight Hysteresis and Its Determinants: The Case of Türkiye
Journal: Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
Year: 2025

Hysteresis behaviour in capital flight emerges as a permanent and resilient form of temporary shocks in capital flows. In our study, smooth transition structural break test and Hatemi-J (2012 and 2016) asymmetric causality tests are used for analyses. The findings obtained from the structural break test indicate the presence of a structural break and hysteresis. In the analyses designed to determine the determinants of capital flows, the use of some selected variables considered important was pr