01027nam a22001097a 4500100002400000245007700024260004900101300000800150520060000158650004500758856011400803  aNdikumana, Léonce  aCapital Flight and Tax Havens: Impact on Investment and Growth in Africa  aLondon:b University of Massachusetts.c2013  a32p  aThis paper examines the implications of capital flight and tax havens for economic development in African economies. Specifically, it investigates the impact of capital flight on domestic investment and the opportunity costs of capital flight in terms of forgone growth. First, econometric analysis is used to assess the impact of capital flight on domestic investment. Second, a simulation exercise is undertaken to estimate the potential gains in terms of growth that could be derived from investing capital flight domestically. The empirical evidence is used to draw some policy implications.  aTax havens Capital flight Illicit wealth  uiffoadatabase.trustafrica.org/iff/capital_flight_and_tax_havens_impact_on_investment_and_growth_in_africa.pdf