Purpose: This study aims to undertake an institutional analysis of capital flight and examine the drivers of capital flight from Burundi. Design/methodology/approach: Given the episodes of political instability and poor governance which have characterized Burundi’s landscape in the past...

This study examines the causal links between exports and economic growth in COMESA countries so as to assess Export-led Growth and Growth-driven Export hypotheses. The study applies Granger causality tests in heterogeneous panels recently developed by Dumitrescu and Hurlin (2012). The results...

Purpose This study aims to examine the illicit capital movement through trade misinvoicing in Burundi, at disaggregated levels by major trading partners and by major export and import commodities. Design/methodology/approach Trade misinvoicing is estimated by comparing the trade values declared...

Purpose This study reexamines fiscal deficit sustainability in South Africa. Design/methodology/approach The study applies three cointegration testing approaches, namely testing for multiple structural changes in a cointegrated regression model, time-varying cointegration test and asymmetric...