Analysis of Capital Flight in Developing Countries: A Study on Turkey between 1980 and 2010
Journal: Uluslararası Avrasya ekonomileri konferansı
Year: 2013

The aim of this study is to determine whether there is a relationship between Capital flight and some macroeconomic variables by using anual data between 1980 and 2010 in Turkey. Capital flight measured by World Bank (1985) method, was used as dependent variable and external debt, foreign direct investment, uncertainty, real GDP growth, exchange rates, trade balance and consumer price index were used as independent variables. Ordinary Least squares estimation method, Johansen-Jeselius cointegrat