Fighting African capital flight: trajectories, dynamics, and tendencies

Simplice Asongu, Joseph I. Uduji () and Elda N. Okolo-Obasi ()
Additional contact information
Joseph I. Uduji: Enugu Campus, University of Nigeria
Elda N. Okolo-Obasi: Institute for Development Studies, Enugu Campus, University of Nigeria

Financial Innovation, 2020, vol. 6, issue 1, 1-21

Abstract: Abstract This study provides a harmonization framework for common capital flight policies in Africa. It builds on evidence of persistent extreme poverty in the continent to assess how common measures can be adopted by sampled countries on one cause of extreme poverty: capital flight. The dataset is sub-divided into fundamental characteristics of African capital flight based on income levels, legal foundations, natural resources, political stability, regional proximity, and religious domination. The main finding shows that from a projection date of 2010, a feasible timeframe for harmonizing policies is between 2016 and 2023. This timeframe coincides with the beginning of the post-2015 agenda on sustainable development goals.

Keywords: Econometric modeling; Capital flight; Poverty; Africa (search for similar items in EconPapers)
JEL-codes: C50 E62 F34 O19 O55 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://link.springer.com/10.1186/s40854-020-00179-0 Abstract (text/html)

Related works:
Working Paper: Fighting African Capital Flight: Trajectories, Dynamics and Tendencies (2019)
Working Paper: Fighting African Capital Flight: Trajectories, Dynamics and Tendencies (2019)
Working Paper: Fighting African Capital Flight: Trajectories, Dynamics and Tendencies (2019)
Working Paper: Fighting African Capital Flight: Trajectories, Dynamics and Tendencies (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:spr:fininn:v:6:y:2020:i:1:d:10.1186_s40854-020-00179-0

Ordering information: This journal article can be ordered from
http://www.springer. ... nomics/journal/40589

DOI: 10.1186/s40854-020-00179-0

Access Statistics for this article

Financial Innovation is currently edited by J. Leon Zhao and Zongyi

More articles in Financial Innovation from Springer, Southwestern University of Finance and Economics
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().