Abstract: Abstract This chapter describes the methodologies used to measure capital flight and presents updated estimates of its magnitude for 39 African countries over the period 1970–2010. It gives a global context of the problem and provides comparative indicators on capital flight from other developing regions. The chapter explores empirically the role of domestic and external factors in driving capital flight, including structural factors, the macroeconomic environment, governance, risk and returns to investment, capital account openness, and financial development. The analysis takes into account economic as well as non-economic dimensions, and recognizes the importance of both the domestic and global contexts. The ultimate objective is to contribute to the policy debate on capital flight both in Africa and globally.
Publication Year: 2014
Publication Date: 2014-11-06
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 17
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