Capital flight remains significant for public officials in East Africa member states, especially since the emergence of the foreign debt crisis and the associated drastic decline in capital inflows from developed nations and Bretton Woods institutions. Given their smaller resource base, debt...

The paper sought to explore the effect of capital flight on the economic growth nexus in Ghana. The study used quarterly time series data from 1976 to 2020 to test three hypotheses. The paper used non-linear autoregressive distributive lagged employing unit root test, co-integration test, and...

We characterise the probability distributions of various categories of gross capital flows conditional on information contained in financial asset prices in a panel of emerging market economies, with a focus on "tail" events. Our framework, based on the quantile regression methodology, allows...

Purpose Human capital flight from developing countries to developed nations has been rising and giving concerns to governments and scholars alike. This paper aims to explore the impact migration from Nigeria has on economic output growth by focusing on the migration rate, remittances, population...

The study examines the use of governance tools to fight capital flight by reducing the capitalflight trap. Two overarching policy syndromes are addressed in the study. It first assesseswhether governance is an effective deterrent to the capital flight trap in Africa, before examin ing what...

Present study seeks to determine the quantitative measurement of unrecorded transaction through misreporting of trade. We want to find out the determinants of informal transaction and the relationship between hidden capital outflow and inflow. Another attention is to identify the hidden capital...

This paper examines the surprising performance of the Argentine stock market in the midst of the country's most recent financial crisis and the role played by ADRs in Argentine capital flight. Although Argentine investors were subject to capital controls, they were able to purchase stocks with...

While illicit capital flight is a major concern of policy makers in developing countries, there is only little research on the possible link between capital flight and development aid. In this paper, we address the issue for Nepal, a stereotypical financially-closed developing economy that is...

This study examines how the association between terrorism and capital flight affects the process of industrialisationin 36 African countries. The empirical evidence is based on Generalised Method of Moments (GMM) and Quantile Regressions (QR). GMM-oriented findings show that capital flight...

The interplay between the tax laws of the United States and those of the countries of Latin America creates inducements for capital flight. Most Latin American countries tax only income originating within their boundaries. If other countries tax income of foreigners originating within their...

Every year between US$ 850-1000 billion disappears without a trace from developing countries, ending up in tax havens or rich countries3. The main part of this is driven by multinational companies seeking to evade tax where they operate, and has been called “the ugliest chapter in global...

Using a unique subsidiary-level data of 3,863 Chinese nonfinancial firms from 2000 to 2019, we document that the multinational firms have 5.3% higher capital expenditures than the domestic firms relative to the average. We use China’s accession to WTO and additional instrumental variables for...

This paper studies the endogenous determination of financial openness. We outline a framework where financial openness is endogenously determined by the authority's choice of financial repression as a taxation device, and where the private sector determines endogenously the magnitude of capital...

This article argues that capital flight of real investment presents governments with a quadrilemma. First, governments can tailor their policies to attract investors – but this is incompatible with a whole range of alternative policy choices. Second, they can simply accept capital flight –...

It is now well documented that capital flight has been a dominant feature of capital movements between developing and industrial countries. Since 1988 reductions in the stock of flight capital more than account for private capital flows to emerging markets. This suggests that what appears to be...

This paper presents a general equilibrium, monetary model of bank runs to study monetary injections during financial crises. When the probability of runs is positive, depositors increase money demand and reduce deposits; at the economy-wide level, the velocity of money drops and deflation...

While illicit capital flight is a major concern of policy makers in developing countries, there is only little research on the possible link between capital flight and development aid. In this paper, we address the issue for Nepal, a stereotypical financially-closed developing economy that is...

The paper estimates the extent of trade misinvoicing in India by using costs of insurance and freight/free on board methodology; it also examines the impact of identified key macroeconomic variables on capital flight through trade misinvoicing from India by using the ordinary least squares...

Significant amounts of private capital have flowed out of several of the more heavily indebted developing countries. This outflow, often called "capital flight ," largely escapes taxation by the borrowing-country government, and has generated concern about the prospects for future servicing of...

Hedge Ratio Variation under Different Energy Market Conditions: New Evidence by Using Quantile-Quantile Approach -- The Use of AI in Metaverse -- What Proportion of the Bitcoin Ecosystem is Controlled by Bots? -- Exploring the Impact of Corporate Social Responsibility on Leverage of Listed...

An April 2015 World Bank report on attainment of the Millennium Development Goal (MDG) extreme poverty target has revealed that extreme poverty has been decreasing in all regions of the world with the exception of sub-Saharan Africa (SSA), in spite of the sub-region enjoying more than two...

The purpose of study is to assess an impact of the capital flight on the Russian economy and to identify the factors, which stipulate returning the capital to the Russian Federation. Analysis shows, in 2019 the share of public external debt denominated in the national currency was continuing to...

The study examines the use of governance tools to fight capital flight by reducing the capital flight trap. Two overarching policy syndromes are addressed in the study. It first assesses whether governance is an effective deterrent to the capital flight trap in Africa, before examining what...

The study examines the use of governance tools to fight capital flight by reducing the capital flight trap. Two overarching policy syndromes are addressed in the study. It first assesses whether governance is an effective deterrent to the capital flight trap in Africa, before examining what...

We study a dynamic game in which players compete for a prize. In a waiting game with two-sided private information about strength levels, players choose between fighting, fleeing, or waiting. Players earn a “deterrence value” on top of the prize if their opponent escapes without a battle. We...

This study provides a harmonization framework for common capital flight policies in Africa. It builds on evidence of persistent extreme poverty in the continent to assess how common measures can be adopted by sampled countries on one cause of extreme poverty: capital flight. The dataset is...

Insights into Illicit Financial Flows from South Africa / Gerard Emmanuel Kamdem Kamga -- Nexus Between Illicit Financial Flows, Governance and Development in the Republic of South Africa / Sakah Bernard Nsaidzedze and Pacific Thales Yapatake Kossele -- Social and Economic Effects of Illicit...

Insights into Illicit Financial Flows from South Africa / Gerard Emmanuel Kamdem Kamga -- Nexus Between Illicit Financial Flows, Governance and Development in the Republic of South Africa / Sakah Bernard Nsaidzedze and Pacific Thales Yapatake Kossele -- Social and Economic Effects of Illicit...