Arbeitspapier
Governance and the capital flight trap in Africa
The study examines the use of governance tools to fight capital flight by reducing the capital flight trap. Two overarching policy syndromes are addressed in the study. It first assesses whether governance is an effective deterrent to the capital flight trap in Africa, before examining what thresholds of government quality are required to fight the capital flight trap in the continent. The following findings are established. Evidence of a capital flight trap is apparent because past values of capital flight have a positive effect on future values of capital flight. The net effects from interactions of the capital flight trap with political stability, regulation quality, economic governance and corruption-control on capital flight are positive. The critical masses at which "voice & accountability" and regulation quality can complement the capital flight trap to reduce capital flight are respectively, 0.120 and 0.680, which correspond to the best performing countries. Policy implications are discussed.
- Sprache
-
Englisch
- Erschienen in
-
Series: AGDI Working Paper ; No. WP/20/024
- Klassifikation
-
Wirtschaft
Econometric Modeling: General
Fiscal Policy
International Lending and Debt Problems
Economywide Country Studies: Africa
Socialist Systems and Transitional Economies: Legal Institutions; Illegal Behavior
- Thema
-
governance
capital flight
capital flight trap
Africa
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Asongu, Simplice
Nnanna, Joseph
- Ereignis
-
Veröffentlichung
- (wer)
-
African Governance and Development Institute (AGDI)
- (wo)
-
Yaoundé
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Asongu, Simplice
- Nnanna, Joseph
- African Governance and Development Institute (AGDI)
Entstanden
- 2020
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