Fighting African capital flight: timelines for the adoption of common policies

Simplice Asongu

No 13/008, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

Abstract: This paper provides an exhaustive assessment of feasible horizons for policy harmonization against African capital flight. The empirical evidence is based on a methodological innovation on common policy initiatives and the results are premised on 15 fundamental characteristics of African capital flight based on income-levels, legal origins, natural resources, political stability and religious domination. Based on the findings, a genuine standard-setting timeframe is in the horizon of 6-13 years. Within the timeframe, common policies are feasible and could be enforced without distinction of nationality or locality in identified fundamental characteristics with full convergence.

Keywords: Econometric modeling; Big push; Capital flight; Debt relief; Africa (search for similar items in EconPapers)
JEL-codes: C50 E62 F34 O19 O55 (search for similar items in EconPapers)
Pages: 09
Date: 2013-01-14
New Economics Papers: this item is included in nep-afr
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Citations: View citations in EconPapers (40)

Published in the Empirical Economics Letters

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http://www.afridev.org/RePEc/agd/agd-wpaper/Fighti ... -common-policies.pdf Revised version, 2013 (application/pdf)

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Working Paper: Fighting African capital flight: timelines for the adoption of common policies (2013)
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