IDEAS home Printed from https://ideas.repec.org/a/eme/jmlcpp/jmlc-07-2023-0123.html
   My bibliography  Save this article

Capital flight, institutional quality and real sector in sub-Saharan African countries

Author

Listed:
  • Taiwo Akinlo
  • Busayo Olubunmi Aderounmu

Abstract

Purpose - This study aims to provide an empirical investigation into rising capital flight and the role of institutional quality to mitigate its effect on the real sector in sub-Saharan Africa (SSA). Design/methodology/approach - The study uses the system generalized method of moments and uses data spanning from 1989 to 2020 from 26 SSA countries. Findings - The findings show that capital flight has no direct impact on the real sector while institutional quality adversely impacted the agricultural and industrial sectors. The study also found that institutional quality is unable to mitigate the effect of capital flight on the industrial sector. Originality/value - This study investigates if institutional quality mitigates the impact of capital flight on the real sector proxied by industrial value-added and agriculture value-added.

Suggested Citation

  • Taiwo Akinlo & Busayo Olubunmi Aderounmu, 2024. "Capital flight, institutional quality and real sector in sub-Saharan African countries," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 27(5), pages 944-961, February.
    • Handle: RePEc:eme:jmlcpp:jmlc-07-2023-0123
    DOI: 10.1108/JMLC-07-2023-0123
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/JMLC-07-2023-0123/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/JMLC-07-2023-0123/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/JMLC-07-2023-0123?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jmlcpp:jmlc-07-2023-0123. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.