Flight Capital and its Reversal for Development Financing

Niels Hermes (), Robert Lensink and Victor Murinde

No DP2002-99, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: In this paper, we review the theoretical and empirical literature on capital flight. First, we discuss the measurement of capital flight. Next, we provide information on the magnitude as well as the 'burden' of capital flight for a selected set of developing countries in four regions of the world (South Asia, East Asia, Sub-Saharan Africa and Latin America). Moreover, we review the literature on the determinants of capital flight and provide an overview of empirical studies that have analysed the determinants of capital flight.

Keywords: Balance of payments; Capital investments; International finance; Foreign investments (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (29)

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