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Details about Leonce Ndikumana

Homepage:https://www.umass.edu/economics/ndikumana
Postal address:University of Massachusetts Department of Economics 418 N. Pleasant Street Amherst, MA 01002
Workplace:Department of Economics, University of Massachusetts-Amherst, (more information at EDIRC)
Political Economy Research Institute (PERI), University of Massachusetts-Amherst, (more information at EDIRC)

Access statistics for papers by Leonce Ndikumana.

Last updated 2025-11-11. Update your information in the RePEc Author Service.

Short-id: pnd1


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Working Papers

2019

  1. Capital Flight, Foreign Direct Investment and Natural Resources in Africa
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics Downloads View citations (70)
  2. Impact of Development aid on infant mortality: Micro-level evidence from Cote d’Ivoire
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics Downloads View citations (4)
    See also Journal Article Impact of development aid on infant mortality: Micro‐level evidence from Côte d'Ivoire, African Development Review, African Development Bank (2020) Downloads View citations (6) (2020)

2016

  1. Capital Flight and Foreign Direct Investment in Africa: An Investigation of the Role of Natural Resource Endowment
    SALDRU Working Papers, Southern Africa Labour and Development Research Unit, University of Cape Town Downloads View citations (6)

2013

  1. Applying Evaluation to Development and Aid: Can Evaluation Bridge the Micro-macro Gaps in Aid Effectiveness?
    Published Studies, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (1)
  2. Impact of Sectoral Allocation of Foreign Aid on Gender Equity and Human Development
    Published Studies, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (9)

2012

  1. Credit constraints and productive entrepreneurship in Africa
    ICER Working Papers, ICER - International Centre for Economic Research Downloads
    Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2011) Downloads View citations (26)
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst (2011) Downloads View citations (21)
  2. The Financial Sector in Burundi
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)

2011

  1. Credit Constraints & Productive Entrepreneurship in Africa
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan Downloads View citations (17)
  2. Employment, Poverty and Economic Development in Madagascar
    Published Studies, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (6)
  3. SUPPORTING AFRICA’S POST-CRISIS GROWTH: THE ROLE OF MACROECONOMIC POLICIES
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan Downloads
    Also in Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst (2011) Downloads

2010

  1. Is There a Case for Formal Inflation Targeting in Sub-Saharan Africa?
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (21)
  2. Working Paper 108 - Is there a Case for Formal Inflation Targeting in Sub-Saharan Africa?
    Working Paper Series, African Development Bank Downloads View citations (20)
  3. Working Paper 117 - Supporting Africa's Post-Crisis Growth: The Role of Macroeconomic Policies
    Working Paper Series, African Development Bank Downloads

2009

  1. Enhancing Competitiveness in Four African Economies: The Case of Botswana, Mauritius, Namibia, and Tunisia
    Post-Print, HAL
  2. Potential gains from capital flight repatriation for Sub-Saharan African countries
    Policy Research Working Paper Series, The World Bank Downloads View citations (31)
  3. Working Paper 96 - Impact of the Global Economic and Financial Crisis on Africa
    Working Paper Series, African Development Bank Downloads View citations (4)

2008

  1. Corruption and Growth: Exploring the Investment Channel
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics Downloads View citations (80)
  2. New Estimates of Capital Flight from Sub-Saharan African Countries: Linkages with External Borrowing and Policy Options
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (105)
  3. The Linkages between FDI and Domestic Investment: Unravelling the Developmental Impact of Foreign Investment in Sub-Saharan Africa
    IZA Discussion Papers, Institute of Labor Economics (IZA) Downloads View citations (80)

2007

  1. Reserves Accumulation in African Countries: Sources, Motivations, and Effects
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics Downloads View citations (10)
  2. The Growth Effects of Openness to Trade and the Role of Institutions: New Evidence from African Countries
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics Downloads View citations (44)
    Also in MPRA Paper, University Library of Munich, Germany (2007) Downloads View citations (46)
  3. The Linkages between FDI and Domestic Investment: Unravelling the Developmental Impact of Foreign Investment
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics Downloads View citations (9)

2006

  1. An Employment-targeted Economic Programme for South Africa
    Research Report, International Policy Centre Downloads View citations (29)
    See also Book An Employment-Targeted Economic Program for South Africa, Books, Edward Elgar Publishing (2007) Downloads View citations (6) (2007)
    Chapter An Employment-Targeted Economic Program for South Africa, Palgrave Macmillan Books, Palgrave Macmillan (2009) View citations (2) (2009)
  2. Corruption and Pro-Poor Growth Outcomes: Evidence and Lessons for African Countries
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (11)

2005

  1. Can Macroeconomic Policy Stimulate Private Investment in South Africa? New Insights from Aggregate and Manufacturing Sector-Level Evidence
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (2)
    Also in UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics (2005) Downloads View citations (1)

    See also Journal Article Can macroeconomic policy stimulate private investment in South Africa? New insights from aggregate and manufacturing sector-level evidence, Journal of International Development, John Wiley & Sons, Ltd. (2008) Downloads View citations (5) (2008)
  2. Distributional Conflict, The State, and Peacebuilding in Burundi
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (4)
    Also in WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) (2005) Downloads View citations (4)
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics (2005) Downloads View citations (6)

2003

  1. Capital Flows, Capital Account Regimes, and Foreign Exchange Rate Regimes in Africa
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (8)
  2. Financial Development, Financial Structure and Domestic Investment: International Evidence
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (6)
    Also in UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics (2003) Downloads View citations (10)

    See also Journal Article Financial development, financial structure, and domestic investment: International evidence, Journal of International Money and Finance, Elsevier (2005) Downloads View citations (70) (2005)
  3. The Economics of Civil War: The Case of the Democratic Republic of Congo
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (7)

2002

  1. Additionality of Debt Relief and Debt Forgiveness, and Implications for Future Volumes of Official Assistance
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) Downloads View citations (7)
    See also Journal Article Additionality of debt relief and debt forgiveness, and implications for future volumes of official assistance, International Review of Economics & Finance, Elsevier (2004) Downloads View citations (20) (2004)
  2. Africa’s Debt: Who Owes Whom?
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (6)
    See also Chapter Africa's Debt: Who Owes Whom?, Chapters, Edward Elgar Publishing (2005) Downloads View citations (1) (2005)
  3. Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics Downloads View citations (22)
    Also in Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst (2002) Downloads View citations (13)

    See also Journal Article Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries, World Development, Elsevier (2003) Downloads View citations (174) (2003)

2001

  1. Financial Markets and Economic Development in Africa
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (8)
  2. Fiscal Policy, Conflict, and Reconstruction in Burundi and Rwanda
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) Downloads View citations (22)
  3. Overcoming the Fiscal Crisis of the African State
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) Downloads View citations (3)

2000

  1. Is Africa a Net Creditor? New Estimates of Capital Flight from Severely Indebted Sub-Saharan African Countries, 1970-1996
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (12)
    Also in UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics (2000) Downloads View citations (10)

1999

  1. Income inequality and minimum consumption: implications for growth
    Working Papers, Federal Reserve Bank of St. Louis Downloads

1998

  1. Financial intermediation and economic growth in southern Africa
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (7)

Journal Articles

2023

  1. Monetary, fiscal, and structural drivers of inflation in Ethiopia: new empirical evidence from time series analysis
    Review of Development Economics, 2023, 27, (2), 924-962 Downloads View citations (2)
  2. The role of unit labor costs in African manufacturing investment and export performance
    Review of Development Economics, 2023, 27, (3), 1874-1909 Downloads

2020

  1. Impact of development aid on infant mortality: Micro‐level evidence from Côte d'Ivoire
    African Development Review, 2020, 32, (3), 432-445 Downloads View citations (6)
    See also Working Paper Impact of Development aid on infant mortality: Micro-level evidence from Cote d’Ivoire, UMASS Amherst Economics Working Papers (2019) Downloads View citations (4) (2019)

2019

  1. Does Health Aid Reduce Infant and Child Mortality from Diarrhoea in Sub-Saharan Africa?
    Journal of Development Studies, 2019, 55, (10), 2212-2231 Downloads View citations (19)

2016

  1. Implications of Monetary Policy for Credit and Investment in Sub-Saharan African Countries
    Journal of African Development, 2016, 18, (2), 1-18 Downloads View citations (9)

2015

  1. Financing Domestic Investment in African Countries: Does the Source of Financing Matter?
    Journal of African Development, 2015, 17, (2), 19-48 Downloads View citations (21)

2014

  1. Capital Flight and Tax Havens: Impact on Investment and Growth in Africa
    Revue d’économie du développement, 2014, 22, (HS02), 99-124 Downloads View citations (18)
  2. Fuite des capitaux et paradis fiscaux: impact sur l'investissement et la croissance en Afrique
    Revue d’économie du développement, 2014, 22, (2), 113-141 Downloads View citations (4)

2013

  1. Access to Credit by Firms in Sub-Saharan Africa: How Relevant Is Gender?
    American Economic Review, 2013, 103, (3), 293-97 Downloads View citations (111)

2012

  1. Appliquer l'évaluation à l'aide au développement: une solution pour combler le fossé micro-macro de l'efficacité de l'aide ?. Applying Evaluation to Development and Aid: Can Evaluation Bridge the Micro-macro Gaps in Aid Effectiveness?
    Revue d’économie du développement, 2012, 20, (4), 125-153 Downloads

2011

  1. Capital flight from sub-Saharan Africa: linkages with external borrowing and policy options
    International Review of Applied Economics, 2011, 25, (2), 149-170 Downloads View citations (152)
  2. Is There a Case for Formal Inflation Targeting in Sub-Saharan Africa?-super- 1
    Journal of African Economies, 2011, 20, (suppl_2), -ii103 Downloads View citations (22)

2010

  1. Africa: Africa's Counter-Cyclical Policy Responses to the Crisis
    Journal of Globalization and Development, 2010, 1, (1), 22 Downloads View citations (29)
  2. Capital Flight Repatriation: Investigation of its Potential Gains for Sub-Saharan African Countries
    African Development Review, 2010, 22, (1), 4-22 View citations (44)
  3. Introduction
    African Development Review, 2010, 22, (1), 1-3 View citations (1)
  4. Introduction: Fostering Development in an Era of Financial and Economic Crises
    African Development Review, 2010, 22, (3), 347-350
  5. Measurement of Capital Flight: Methodology and Results for Sub-Saharan African Countries
    African Development Review, 2010, 22, (4), 471-481 View citations (40)
  6. Revenue Mobilization in African Countries: Does Natural Resource Endowment Matter?
    African Development Review, 2010, 22, (3), 351-366 View citations (29)

2009

  1. Introduction
    African Development Review, 2009, 21, (2), 209-212

2008

  1. Can macroeconomic policy stimulate private investment in South Africa? New insights from aggregate and manufacturing sector-level evidence
    Journal of International Development, 2008, 20, (7), 869-887 Downloads View citations (5)
    See also Working Paper Can Macroeconomic Policy Stimulate Private Investment in South Africa? New Insights from Aggregate and Manufacturing Sector-Level Evidence, Working Papers (2005) Downloads View citations (2) (2005)

2005

  1. Financial development, financial structure, and domestic investment: International evidence
    Journal of International Money and Finance, 2005, 24, (4), 651-673 Downloads View citations (70)
    See also Working Paper Financial Development, Financial Structure and Domestic Investment: International Evidence, Working Papers (2003) Downloads View citations (6) (2003)

2004

  1. Additionality of debt relief and debt forgiveness, and implications for future volumes of official assistance
    International Review of Economics & Finance, 2004, 13, (3), 325-340 Downloads View citations (20)
    See also Working Paper Additionality of Debt Relief and Debt Forgiveness, and Implications for Future Volumes of Official Assistance, WIDER Working Paper Series (2002) Downloads View citations (7) (2002)
  2. Africa and the World Economy: A Focus on Capital -- An Overview
    Journal of African Economies, 2004, 13, (02), ii1-ii14 View citations (3)

2003

  1. Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries
    World Development, 2003, 31, (1), 107-130 Downloads View citations (174)
    See also Working Paper Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries, UMASS Amherst Economics Working Papers (2002) Downloads View citations (22) (2002)

2001

  1. Is Africa a Net Creditor? New Estimates of Capital Flight from Severely Indebted Sub-Saharan African Countries, 1970-96
    Journal of Development Studies, 2001, 38, (2), 27-56 Downloads View citations (164)

2000

  1. Financial Determinants of Domestic Investment in Sub-Saharan Africa: Evidence from Panel Data
    World Development, 2000, 28, (2), 381-400 Downloads View citations (154)

1999

  1. Debt Service, Financing Constraints, and Fixed Investment: Evidence from Panel Data
    Journal of Post Keynesian Economics, 1999, 21, (3), 455-478 Downloads View citations (54)

Books

2007

  1. An Employment-Targeted Economic Program for South Africa
    Books, Edward Elgar Publishing Downloads View citations (6)
    See also Working Paper An Employment-targeted Economic Programme for South Africa, Research Report, International Policy Centre (2006) Downloads View citations (29) (2006)
    Chapter An Employment-Targeted Economic Program for South Africa, Palgrave Macmillan Books, Palgrave Macmillan (2009) View citations (2) (2009)

Chapters

2017

  1. Debt and capital flight
    Chapter 15 in Handbook of Globalisation and Development, 2017, pp 251-271 Downloads View citations (1)

2014

  1. The Financial Sector in Burundi: An Investigation of Its Efficiency in Resource Mobilization and Allocation
    A chapter in African Successes, Volume III: Modernization and Development, 2014, pp 103-156 Downloads

2009

  1. An Employment-Targeted Economic Program for South Africa
    Palgrave Macmillan View citations (2)
    See also Book An Employment-Targeted Economic Program for South Africa, Edward Elgar Publishing (2007) Downloads View citations (6) (2007)
    Working Paper An Employment-targeted Economic Programme for South Africa, International Policy Centre (2006) Downloads View citations (29) (2006)

2005

  1. Africa's Debt: Who Owes Whom?
    Chapter 13 in Capital Flight and Capital Controls in Developing Countries, 2005, pp 334-340 Downloads View citations (1)
    See also Working Paper Africa’s Debt: Who Owes Whom?, Political Economy Research Institute, University of Massachusetts at Amherst (2002) Downloads View citations (6) (2002)
 
Page updated 2025-12-23