Capital flight remains significant for public officials in East Africa member states, especially since the emergence of … institutions. Given their smaller resource base, debt accumulation and budget deficit, the problem of capital flight in developing … nations requires examination. The study examined the effect of accumulating external debt on capital flight in East African …

The paper estimate an augmented endogenous economic growth model to investigates the extent to which capital flight … both capital flight and external debt as well as their combined effect on economic growth was found to be negative and … statistically significant. Additionally, the marginal effects results show that a low level of capital flight has no noticeable …

The paper estimate an augmented endogenous economic growth model to investigates the extent to which capital flight … both capital flight and external debt as well as their combined effect on economic growth was found to be negative and … statistically significant. Additionally, the marginal effects results show that a low level of capital flight has no noticeable …