| 000 -LEADER | |
|---|---|
| fixed length control field | 01674nam a22001337a 4500 |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Ndiaye, Ameth S |
| 245 ## - TITLE STATEMENT | |
| Title | The Role of Capital Flight in the Fluctuations in Domestic Investment :Evidence from the African Countries in the Franc Zone |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | United Kingdom |
| Name of publisher | Centre for the Study of African Economies |
| Year of publication | 2010 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | 29p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | What happens to domestic investment in a context of massive capital flight? The paper investigates this research question using annual panel data for the 15 African countries in the Franc Zone (FZ) in the period 1970 to 2005. The econometric analysis shows that capital flight affects negatively and significantly domestic investment, suggesting thus that capital flight lowers domestic investment in the FZ. The results indicate also that the domestic investment influence of capital flight operates through the private investment channel more than the public investment channel, and is caused by capital outflows from Central African Economic and Monetary Community (CEMAC) more than those from West African Economic and Monetary Union (WAEMU). The key implication of these results is that capital flight repatriation helps increase the level of domestic investment. This paper contributes therefore to a better understanding of the role of capital flight in explaining fluctuations in domestic investment and thereby the performance in terms of economic growth in the FZ. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | Capital flight, Investment ,Franc Zone |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | http://iffoadatabase.trustafrica.org/iff/the_role_of_capital_flight_in_the_fluctuations_in_domestic_investment_evidence_from_the_frican_countries_in_the_franc_zone.pdf |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Computer Files |
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