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  <titleInfo>
    <title>Macro-economic Impact of Capital Flight in Sub-Saharan Africa *</title>
  </titleInfo>
  <name type="personal">
    <namePart>Weeks†, J</namePart>
    <role>
      <roleTerm authority="marcrelator" type="text">creator</roleTerm>
    </role>
  </name>
  <typeOfResource>text</typeOfResource>
  <originInfo>
    <place>
      <placeTerm type="text">London</placeTerm>
    </place>
    <publisher>School of Oriental &amp; African Studies</publisher>
    <dateIssued>2014</dateIssued>
    <issuance>monographic</issuance>
  </originInfo>
  <physicalDescription>
    <extent>41p.</extent>
  </physicalDescription>
  <abstract>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.</abstract>
  <subject>
    <topic>Capital Flight</topic>
  </subject>
  <identifier type="uri">iffoadatabase.trustafrica.org/iff/wp-cf-01.pdf</identifier>
  <location>
    <url>iffoadatabase.trustafrica.org/iff/wp-cf-01.pdf</url>
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