Co-Movement between Macroeconomic Variables and Capital Flight

Asian Economic and Financial Review

Ahmed Imran Hunjra^1¹ 

[1]School of Accounting, Finance and Economics, The University of Waikato, Hamilton, New Zealand & UIMS-PMAS- Arid Agriculture University Rawalpindi, Pakistan University Institute of Management Sciences-PMAS- Arid Agriculture University Rawalpindi, Pakistan Department of Business Administration (Thatta Campus), University of Sindh, Jamshoro, Pakistan^1

关键词: Capital flight;    Budget deficit;    Exchange rate;    Capital flow;    Financial reserve;    Interest rate differential.;   

DOI  :  10.18488/journal.aefr.2018.89.1185.1195

学科分类：社会科学、人文和艺术（综合）

来源: Asian Economic and Social Society

【 摘 要 】

This study investigates co-movement among macroeconomic variables and capital flight in Pakistan. The empirical estimation is based on time series data for a period of 30 years from 1983 to 2013. We collect data from World Development Indicator (WDI). We apply Auto Regressive Distributive Lag (ARDL) through Bounds Testing (BT) to estimate the long run relationship. In order to estimate short run dynamic, this study employs Error Correction Model (ECM). This study finds that the presence of a long-term association between capital flight and its determinants.

【 授权许可】

CC BY