Capital Flight and Transfer from Resource-Rich Developing Countries

Kazue Demachi

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyzes the influence of international resource price movements on capital outflows from resource-rich developing countries (RRDCs) by distinguishing capital flight and capital transfers. The volume of capital flight and transfers are calculated and their determinants are analyzed using macro-panel data constituting 21 resource-rich developing countries from 1990 to 2011. Through the regression analysis, the linkage between capital flight and resource revenue as well as that between capital flight and debt is suggested. The results of this analysis suggest the need to focus on capital outflow from RRDCs through transnational companies.

Keywords: Africa; Asia; capital flight; resource rich developing countries (search for similar items in EconPapers)
JEL-codes: F21 F23 (search for similar items in EconPapers)
Date: 2013-09-29
New Economics Papers: this item is included in nep-afr, nep-cis and nep-cwa
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:50273

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