Capital Flight and Tax Havens: Impact on Investment and Growth in Africa

Léonce Ndikumana

Revue d’économie du développement, 2014, vol. 22, issue HS02, 99-124

Abstract: This paper examines the implications of capital flight and tax havens for economic development in African economies. Specifically, it investigates the impact of capital flight on domestic investment and the opportunity costs of capital flight in terms of foregone growth. First, econometric analysis is used to assess the impact of capital flight on domestic investment. Second, a simulation exercise is undertaken to estimate the potential gains in terms of growth that could be derived from investing capital flight domestically. The empirical evidence is used to draw some policy implications.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=EDD_HS02_0099 (application/pdf)
http://www.cairn.info/revue-d-economie-du-developpement-2014-HS02-page-99.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:edddbu:edd_hs02_0099

Access Statistics for this article

More articles in Revue d’économie du développement from De Boeck Université Contact information at EDIRC.
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().