Artikel Jurnal
Growth Effects Of Currency Misalignment And Capital Flight In Turkey
Pengarang:
Abdullahil Mamun - ; Harun Bal - ; Shahanara Basher - ; Md Mahi Uddin - ; Nazamul Hoque - ; Mohammad Nazim Uddin -
Deskripsi
This study examines the growth effects of Real Exchange Rate (RER) misalignment and capital flight in Turkey during the period 1981-2019. The World Bank’s residual method suggests that capital flight is a widespread problem in Turkey and the Single Equation Approach adopted to delineate the series of RER misalignment identifies that Turkey’s RER is significantly misaligned throughout the sample period. Their growth effects are then examined using the AutoRegressive Distributed Lag (ARDL) bounds approach and we document that RER misalignment degrades per capita output growth
while growth faltering capital flight is evident in the presence of policy variables along with currency misalignment.
while growth faltering capital flight is evident in the presence of policy variables along with currency misalignment.