MACROECONOMIC IMPACT OF CAPITAL FLIGHT IN SUB-SAHARAN AFRICA
| dc.contributor.author | Weeks, John | |
| dc.date.accessioned | 2019-02-25T12:52:50Z | |
| dc.date.available | 2019-02-25T12:52:50Z | |
| dc.date.issued | 2016-09 | |
| dc.description | WP- 1 | en_US |
| dc.description.abstract | This paper assesses the impact of capital flight on growth in thirty-one sub-Saharan African countries. It first considers the “macro fundamentals” hypothesis that capital flight would be lower in a country whose government adhered to “sound” macroeconomic policies. Analytical considerations fail to support this hypothesis. Second, it develops a growth estimating equation derived from the Harrod-Domar framework. The growth estimations support the conclusion that capital flight had a major impact on growth over the last three decades, 1980–2010. The negative impact was greatest for the petroleum-exporting countries and those affected by internal conflict, but it was also substantial for the other countries, with a few exceptions. | en_US |
| dc.description.sponsorship | AERC | en_US |
| dc.identifier.uri | https://publication.aercafricalibrary.org/123456789/243 | |
| dc.publisher | AERC | en_US |
| dc.relation.ispartofseries | ;WP - 1 | |
| dc.subject | macroeconomic impact | en_US |
| dc.subject | growth | en_US |
| dc.subject | Capital flight | en_US |
| dc.title | MACROECONOMIC IMPACT OF CAPITAL FLIGHT IN SUB-SAHARAN AFRICA | en_US |
| dc.type | Article | en_US |