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Macro-economic Impact of Capital Flight in Sub-Saharan Africa * (Record no. 678)

000 -LEADER
fixed length control field 01128nam a2200133 4500
100 ## - MAIN ENTRY--AUTHOR NAME
Personal name Weeks†, J
245 ## - TITLE STATEMENT
Title Macro-economic Impact of Capital Flight in Sub-Saharan Africa *
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication London
Name of publisher School of Oriental & African Studies
Year of publication 2014
300 ## - PHYSICAL DESCRIPTION
Number of Pages 41p.
520 ## - SUMMARY, ETC.
Summary, etc This paper assesses the impact of capital flight on growth in thirty-one sub-Saharan African countries. It first considers the “macro fundamentals” hypothesis that capital flight would be
lower in a country whose government adhered to “sound” macroeconomic policies. Analytical considerations fail to support this hypothesis. Second, it develops a growth estimating equation derived from the Harrod-Domar framework. The growth estimations support the conclusion that capital flight had a major impact on growth over the last three decades, 1980–2010. The negative impact was greatest for the petroleum-exporting countries and those affected by internal conflict,
but it was also substantial for the other countries, with a few exceptions.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Term Capital Flight
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier iffoadatabase.trustafrica.org/iff/wp-cf-01.pdf
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Computer Files

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