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Fighting African capital flight: timelines for the adoption of common policies

Asongu, Simplice A (2013): Fighting African capital flight: timelines for the adoption of common policies. Forthcoming in: The Empirical Economics Letters

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Abstract

This paper provides an exhaustive assessment of feasible horizons for policy harmonization against African capital flight. The empirical evidence is based on a methodological innovation on common policy initiatives and the results are premised on 15 fundamental characteristics of African capital flight based on income-levels, legal origins, natural resources, political stability and religious domination. Based on the findings, a genuine standard-setting timeframe is in the horizon of 6-13 years. Within the timeframe, common policies are feasible and could be enforced without distinction of nationality or locality in identified fundamental characteristics with full convergence.

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