Korap, Levent (2010): Identification of ‘pull’ & ‘push’ factors for the portfolio flows: SVAR evidence from the Turkish economy. Published in: Doğuş University Journal , Vol. 2, No. 11 (2010): pp. 223-232.
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In this paper, the determinants of the portfolio based capital flows are examined for the Turkish economy. Following the structural vector autoregression methodology, the estimation results reveal that the ‘push’ factors based on the external developments for the Turkish economy have a dominant role in explaining the behavior of the portfolio flows. Further, the domestic real interest rate as one of the main ‘pull’ factors has been found in a negative dynamic relationship with the portfolio flows. This result is attributed to that the dynamic course of the portfolio flows should not be related to the excess return possibilities of the real interest structure of the Turkish economy.
|Item Type:||MPRA Paper|
|Original Title:||Identification of ‘pull’ & ‘push’ factors for the portfolio flows: SVAR evidence from the Turkish economy|
|English Title:||Identification of ‘pull’ & ‘push’ factors for the portfolio flows: SVAR evidence from the Turkish economy|
|Keywords:||Portfolio Flows; SVAR Analysis; Turkish Economy;|
|Subjects:||C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment Decisions
F - International Economics > F3 - International Finance > F32 - Current Account Adjustment ; Short-Term Capital Movements
|Depositing User:||Levent Korap|
|Date Deposited:||07. Aug 2010 02:15|
|Last Modified:||30. Dec 2015 10:36|
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