Jamilov, Rustam - Volkswirtschaftliche Fakultät, … - 2012
This paper examines the degree of capital mobility in the countries of the Caucasus. We employ a simple model developed …-series econometrics in order to capture the short-run dynamics. Then, we construct a panel of 6 countries of the Caucasus – Azerbaijan …, Armenia, Georgia, Kazakhstan, Russia, and Turkey – and obtain the long-run estimates by applying a panel cointegration …