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

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Econometric modeling; Big push; Capital flight; Debt relief; Africa
• Subjects: C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C50 - General; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy; F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O19 - International Linkages to Development ; Role of International Organizations; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O55 - Africa

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