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The flight of capital from developing countries

Author

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  • Erbe, Susanne

Abstract

The export of capital, legally and illegally, is a major problem for many developing countries. The following study analyses the causes and nature of the flight of capital and estimates its scale in 34 countries.

Suggested Citation

  • Erbe, Susanne, 1985. "The flight of capital from developing countries," Intereconomics – Review of European Economic Policy (1966 - 1988), ZBW - Leibniz Information Centre for Economics, vol. 20(6), pages 268-275.
    • Handle: RePEc:zbw:inteco:139998
    DOI: 10.1007/BF02925467
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    Citations

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    Cited by:

    1. Mercy W. Mwangi & Amos G. Njuguna & George O. Achoki, 2019. "Relationship between corruption and capital flight in Kenya: 1998-2018," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 8(5), pages 237-250, September.
    2. James K. Boyce & Léonce Ndikumana, 2000. "Is Africa a Net Creditor? New Estimates of Capital Flight from Severely Indebted Sub-Saharan African Countries, 1970-1996," UMASS Amherst Economics Working Papers 2000-01, University of Massachusetts Amherst, Department of Economics.
    3. Aman, Moustapha & Nenovsky, Nikolay, 2015. "Stabilité du Currency Board et fuite des capitaux. Modèle théorique et application empirique au cas de Djibouti [Currency Board stability and capital flight. Theoretical model and empirical applica," MPRA Paper 93540, University Library of Munich, Germany, revised 2018.
    4. Dachraoui, Hajer & Smida, Mounir & Sebri, Maamar, 2020. "Role of capital flight as a driver of sovereign bond spreads in Latin American countries," International Economics, Elsevier, vol. 162(C), pages 15-33.
    5. Siranova, Maria & Tiruneh, Menbere Workie & Fisera, Boris, 2021. "Creating the illicit capital flows network in Europe – Do the net errors and omissions follow an economic pattern?," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 955-973.
    6. Liew, Siew-Ling, 2016. "Review on Determinants of Capital Flight," MPRA Paper 70445, University Library of Munich, Germany.
    7. David B. Gordon & Ross Levine, 1988. "The capital flight \"problem.\"," International Finance Discussion Papers 320, Board of Governors of the Federal Reserve System (U.S.).
    8. Mpho Bosupeng & Janet Dzator & Andrew Nadolny, 2019. "Exchange Rate Misalignment and Capital Flight from Botswana: A Cointegration Approach with Risk Thresholds," JRFM, MDPI, vol. 12(2), pages 1-26, June.
    9. Gunter, Frank R., 1996. "Capital flight from the People's Republic of China: 1984-1994," China Economic Review, Elsevier, vol. 7(1), pages 77-96.
    10. Khwaja Sarmad, 1993. "Private Capital Outflow from Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 32(4), pages 619-627.
    11. Suhas L Ketkar & Kusum W. Ketkar, 1989. "Determinants Of Capital Flight From Argentina, Brazil, And Mexico," Contemporary Economic Policy, Western Economic Association International, vol. 7(3), pages 11-29, July.
    12. Dyendelayi, Isaac, 2000. "Analyse de Fuite des Capitaux en Afrique Subsaharienne : Cas de la République Démocratique du Congo (2000 – 2018) [Analysis of Capital Flight in Sub-Saharan Africa: Case of Democratic Republic of C," MPRA Paper 110335, University Library of Munich, Germany, revised 31 Dec 2018.
    13. Hans Tino Ayamena Mpenya & Clarisse Metseyem & Boniface Ngah Epo, 2016. "Natural Resources and Capital Flight in Cameroon," African Development Review, African Development Bank, vol. 28(S1), pages 88-99, April.
    14. Afees A. Salisu & Kazeem Isah, 2017. "A Capital Flight-Growth Nexus in Sub-Saharan Africa: The Role of Macroeconomic Uncertainty," Working Papers 034, Centre for Econometric and Allied Research, University of Ibadan.
    15. Niels Hermes & Robert Lensink & Victor Murinde, 2002. "Flight Capital and its Reversal for Development Financing," WIDER Working Paper Series DP2002-99, World Institute for Development Economic Research (UNU-WIDER).
    16. Demir, Firat, 2004. "A Failure Story: Politics and Financial Liberalization in Turkey, Revisiting the Revolving Door Hypothesis," World Development, Elsevier, vol. 32(5), pages 851-869, May.
    17. Heydari, Hassan & Jariani, Farzaneh, 2020. "Analyzing Effective Factors of Capital Outflow from the Middle East and North African Countries (MENA)," MPRA Paper 104547, University Library of Munich, Germany.
    18. Davies, Victor A. B., 2007. "Capital flight and war," Policy Research Working Paper Series 4210, The World Bank.
    19. Joaquin, Vespignani L, 2008. "Capital flight, saving rate and the golden rule level of capital: policy recommendations for Latin America countries," MPRA Paper 43824, University Library of Munich, Germany, revised Dec 2008.
    20. Vincent A. Onodugo & Ijeoma E. Kalu & Oluchukwu F. Anowor & Nnaemeka O. Ukweni, 2014. "Is Capital Flight Healthy For Nigerian Economic Growth? An Econometric Investigation," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 3(1), pages 10-24.
    21. Beja Jr, Edsel, 2010. "Balance of Payments-consistent unreported flows," MPRA Paper 21699, University Library of Munich, Germany.
    22. Eggerstedt, Harald & Hall, Rebecca Brideau & Van Wijnbergen, Sweder, 1995. "Measuring capital flight: A case study of Mexico," World Development, Elsevier, vol. 23(2), pages 211-232, February.
    23. Nathan Sheets, 1995. "Capital flight from the countries in transition: some theory and empirical evidence," International Finance Discussion Papers 514, Board of Governors of the Federal Reserve System (U.S.).
    24. Gunter, Frank R., 2004. "Capital flight from China: 1984-2001," China Economic Review, Elsevier, vol. 15(1), pages 63-85, January.

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