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https://doi.org/10.36880/c07.0...
Article . 2016 . Peer-reviewed
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Capital Flight and Transition Economies

Sermaye Kaçışı ve Geçiş Ekonomileri
Authors: Harun Bal; Neşe Algan; Gamze Leman Ulaştırıcı;

Capital Flight and Transition Economies

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.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
bronze