01358nam a22001337a 4500100003100000245004500031260004900076300000900125520098100134650003001115856005901145942000701204999001301211 aUchenna, E. and Asongu, S. aTerrorism and Capital Flight from Africa aGermanybMunich Personal RePEc Archivec2016 a27p. aUchenna, E. and Asongu, S. conducted an assessment and noted that the effects of terrorism on capital flight in a panel of 29 African countries for which data is available for the period 1987 - 2008. The terrorism dynamics entail domestic, transnational, unclear and total terrorisms. The empirical evidence is based on Generalised Method of Moments (GMM) with forward orthogonal deviations and Quantile regressions (QR). The following findings are established. First, for GMM, domestic, transnational, unclear and total terrorism consistently increase capital flight. Second, for QR, with the exception of transnational terrorism for which a positive effect on capital flight is apparent in the 0.90th quintile, terrorism dynamics affect capital flight in low quintiles of the capital flight distribution. In other words, terrorism increases capital flight for the most part when initial levels of capital flight are low. Policy implications are discussed. aCapital Flight, Terrorism uiffoadatabase.trustafrica.org/iff/MPRA_paper_74651.pdf cCF c825d825