International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1727
Status : Paper published
Language : Turkish
Topic : International Trade and Globalization
Presenter: Mrs. Gamze Leman Coşkuner
Session : 2D Finans II
Capital Flight and Transition Economies
Sermaye Kaçışı ve Geçiş Ekonomileri
- Prof. Dr. Harun Bal (Çukurova University, Türkiye)
- Prof. Dr. Neşe Algan (Çukurova University, Türkiye)
- Mrs. Gamze Leman Coşkuner (University of Roehampton, United Kingdom)
Abstract
Capital flight and calculation methods are one of concepts that could not been arrived at a consensus in economics literature. Capital flight is defined generally as transferring resident assets of countries to abroad. In addition, political and economic uncertainty and including all capital outflows done with speculative aims in this scope is more acceptable and appropriate approach. Definitional-level differences are the fundamental reasons of measuring methods and their results. When examining in terms of developing countries, it has been seen that regarding capital flights which fall in importance and amount relatively between second half of 1990s and 2000s have extended fast from current years. This situation is not different for economies in transition. Currently the analyses regarding capital flights draw attention with its results that support concerns about transition countries. In this context, calculation methods and the results obtained constituted a different research subject for transition economies. Our study has aimed to analyze of capital flight for 1995-2015 period in the context of selected economies in transition. In analyses, World Bank (WDR 1985) calculation method of capital flight was used. The results have differentiated according to calculation methods, also draw attention to significant increases especially in current years and support concerns regarding increase of capital flight. While our study makes political suggestions directed at decreasing capital flights of relevant countries, redraw attention to discussion in this context.
JEL codes: F32, P33, O16
Bal, Harun, Algan, Neşe, Coşkuner, Gamze Leman (2016). "Capital Flight and Transition Economies" in Proceedings of International Conference of Eurasian Economies 2016, pp.605-613, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01727
