This paper investigates the growth effects of the restrictions on capital account payments as a measure of financial openness. Estimation results show that restrictions on capital flows are weakly and negatively correlated with growth and more importantly, regression results for this measure are mainly distorted by the reverse causation. Our results indeed fail to provide any conclusive evidence on the issue of capital account liberalization. However, these results do not either support the further implementations of controls on capital flows, especially on long-term capital flows.
Yanıkkaya, H. (2016). DOES CAPITAL ACCOUNT LIBERALIZATION RAISE LONG-RUN ECONOMIC GROWTH?. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi, 16(2).
AMA
Yanıkkaya H. DOES CAPITAL ACCOUNT LIBERALIZATION RAISE LONG-RUN ECONOMIC GROWTH?. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi. Temmuz 2016;16(2).
Chicago
Yanıkkaya, HALİT. “DOES CAPITAL ACCOUNT LIBERALIZATION RAISE LONG-RUN ECONOMIC GROWTH?”. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi 16, sy. 2 (Temmuz 2016).
EndNote
Yanıkkaya H (01 Temmuz 2016) DOES CAPITAL ACCOUNT LIBERALIZATION RAISE LONG-RUN ECONOMIC GROWTH?. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi 16 2
IEEE
H. Yanıkkaya, “DOES CAPITAL ACCOUNT LIBERALIZATION RAISE LONG-RUN ECONOMIC GROWTH?”, Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi, c. 16, sy. 2, 2016.
ISNAD
Yanıkkaya, HALİT. “DOES CAPITAL ACCOUNT LIBERALIZATION RAISE LONG-RUN ECONOMIC GROWTH?”. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi 16/2 (Temmuz 2016).
JAMA
Yanıkkaya H. DOES CAPITAL ACCOUNT LIBERALIZATION RAISE LONG-RUN ECONOMIC GROWTH?. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi. 2016;16.
MLA
Yanıkkaya, HALİT. “DOES CAPITAL ACCOUNT LIBERALIZATION RAISE LONG-RUN ECONOMIC GROWTH?”. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi, c. 16, sy. 2, 2016.
Vancouver
Yanıkkaya H. DOES CAPITAL ACCOUNT LIBERALIZATION RAISE LONG-RUN ECONOMIC GROWTH?. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi. 2016;16(2).
