Arbeitspapier
Governance, capital flight and industrialisation in Africa
The study examines the role of governance in modulating the effect of capital flight on industrialisation in Africa. The empirical evidence is based on Generalised Method of Moments and governance is bundled by principal component analysis, namely: (i) political governance from political stability and "voice and accountability"; (ii) economic governance from government effectiveness and regulation quality; and (iii) institutional governance from corruption-control and the rule of law. First, governance increases industrialisation whereas capital flight has the opposite effect; and second, governance does not significantly mitigate the negative effect of capital flight on industrialisation. Policy implications are discussed.
- Language
-
Englisch
- Bibliographic citation
-
Series: AGDI Working Paper ; No. WP/19/077
- Classification
-
Wirtschaft
Econometric Modeling: General
International Lending and Debt Problems
Corporate Finance and Governance: Government Policy and Regulation
Industrialization; Manufacturing and Service Industries; Choice of Technology
Economywide Country Studies: Africa
- Subject
-
Econometric modelling
Capital flight
Governance
Industrialisation
Africa
- Event
-
Geistige Schöpfung
- (who)
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Asongu, Simplice
Odhiambo, Nicholas M.
- Event
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Veröffentlichung
- (who)
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African Governance and Development Institute (AGDI)
- (where)
-
Yaoundé
- (when)
-
2019
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Asongu, Simplice
- Odhiambo, Nicholas M.
- African Governance and Development Institute (AGDI)
Time of origin
- 2019
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