01126nam a2200133   4500100001600000245006800016260005500084300000900139520075300148650002000901856005100921942000700972999001300979  aWeeks†, J  aMacro-economic Impact of Capital Flight in Sub-Saharan Africa *  aLondonbSchool of Oriental & African Studiesc2014  a41p.  aThis 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.  aCapital Flight   uiffoadatabase.trustafrica.org/iff/wp-cf-01.pdf  cCF  c678d678