Capital flight and development: An overview of concepts, methods, and data sources

Niels Johannesen and Jukka Pirttilä

No wp-2016-95, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper offers a critical review of the methods used to estimate the extent of capital flight and illicit financial flows from developing countries. The largest estimates in the literature are based on imperfect methods with a great margin for error. Emerging new studies have built on approaches that successfully isolate missing capital flows and wealth and attempt to address the causal impact of tax rates on capital flows.

Keywords: Capital; Taxation (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (18)

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