One Bad Turn Deserves Another: How Terrorism Sustains the Addiction to Capital Flight in Africa
Simplice Asongu,
Rexon Nting and
Evans Osabuohien ()
Journal of Industry, Competition and Trade, 2019, vol. 19, issue 3, No 7, 535 pages
Abstract:
Abstract This inquiry assesses if terrorism sustains the capital flight trap and whether the relationship is affected by varying the levels of governance and globalisation. The empirical evidence is based on interactive generalised method of moments with data from 37 African countries for the period 1996–2010. The following are established: (1) Evidence of a capital flight trap is apparent because past values of capital flight have a positive effect on future values of capital flight. (2) Terrorism sustains the positive effect of the capital flight trap on capital flight. (3) For the most part (especially with regard to political governance), terrorism sustains the addiction to capital flight in above-median governance sub-samples. Policy implications are discussed.
Keywords: Capital flight; terrorism; Africa (search for similar items in EconPapers)
JEL-codes: C50 D74 F23 N40 O55 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)
Downloads: (external link)
http://link.springer.com/10.1007/s10842-019-00303-6 Abstract (text/html)
Access to full text is restricted to subscribers.
Related works:
Working Paper: One bad turn deserves another: how terrorism sustains the addiction to capital flight in Africa (2019) 
Working Paper: One bad turn deserves another: how terrorism sustains the addiction to capital flight in Africa (2019) 
Working Paper: One bad turn deserves another: how terrorism sustains the addiction to capital flight in Africa (2019) 
Working Paper: One bad turn deserves another: how terrorism sustains the addiction to capital flight in Africa (2019) 
Working Paper: One bad turn deserves another: how terrorism sustains the addiction to capital flight in Africa (2019) 
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:kap:jincot:v:19:y:2019:i:3:d:10.1007_s10842-019-00303-6
Ordering information: This journal article can be ordered from
http://www.springer. ... on/journal/10842/PS2
DOI: 10.1007/s10842-019-00303-6
Access Statistics for this article
Journal of Industry, Competition and Trade is currently edited by Karl Aiginger, Marcel Canoy and Michael Peneder
More articles in Journal of Industry, Competition and Trade from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().