THE CAUSES AND CONSEQUENCES OF INTERNATIONAL CAPITAL FLOWS: AN EMPIRICAL INVESTIGATION
Yazarlar (1)
Doç. Dr. Fatma TAŞDEMİR Sinop Üniversitesi, Türkiye
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Özgün Makale
(Uluslararası alan indekslerindeki dergilerde yayınlanan tam makale)
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| Dergi Adı | http://etd.lib.metu.edu.tr/upload/12623222/index.pdf | ||
| Makale Dili | – | Basım Tarihi | 01-2019 |
| Makale Linki | https://search.proquest.com/openview/301a09f756754eed124a9648889de3a0/1?pq-origsite=gscholar&cbl=2026366&diss=y | ||
| UAK Araştırma Alanları |
Dışa Açık Makro İktisat
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| Özet |
| During the recent decades, capital flows (CF) tended to substantially increase in advanced (AE), emerging market (EME) and developing economies (DE). CF have been found as amongst the main determinants of growth, business cycles in EME and DE (EMDE). We aim to investigate the main causes and consequences of CF in EME and EMDE. To this end, we first present some stylized facts for CF and their main components in AE, EME, DE and EMDE. The main determinants of capital inflows (CIF) in EME, is investigated in the context of the conventional equations which stresses the importance of main pull (GROWTH) and push (international financial conditions, GFC) augmented with structural domestic conditions (SDC). Considering the potential endogeneity of SDC, we employ a two-step system GMM procedure. The literature often maintains that, the impacts of the main pull and push factors are invariant to … |
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