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Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries

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Ndikumana, Leonce
Boyce, James K.

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Article provided by Elsevier in its journal World Development.

Volume (Year): 31 (2003)
Issue (Month): 1 (January)
Pages: 107-130
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Handle: RePEc:eee:wdevel:v:31:y:2003:i:1:p:107-130

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  1. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June. [Downloadable!] (restricted)
    Other versions:
  2. Kaplan, Ethan & Rodrik, Dani, 2001. "Did the Malaysian Capital Controls Work?," CEPR Discussion Papers 2754, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  3. Hermes, N. & Lensink, R., 2000. "Capital flight and the uncertainty of government policies," Research Report 00C30, University of Groningen, Research Institute SOM (Systems, Organisations and Management). [Downloadable!]
  4. Simeon Inidayo Ajayi, 1997. "An Analysis of External Debt and Capital Flight in the Severely Indebted Low Income Countries in Sub-Saharan Africa," IMF Working Papers 97/68, International Monetary Fund.
  5. Lensink, Robert & Hermes, Niels & Murinde, Victor, 2000. "Capital flight and political risk," Journal of International Money and Finance, Elsevier, vol. 19(1), pages 73-92, February. [Downloadable!] (restricted)
  6. Sebastian Edwards, 1999. "How Effective Are Capital Controls?," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 65-84, Fall. [Downloadable!] (restricted)
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  7. Kaufmann, Daniel & Kraay, Aart & Zoido-Lobaton, Pablo, 1999. "Governance matters," Policy Research Working Paper Series 2196, The World Bank. [Downloadable!]
  8. Alesina, Alberto & Tabellini, Guido, 1989. "External debt, capital flight and political risk," Journal of International Economics, Elsevier, vol. 27(3-4), pages 199-220, November. [Downloadable!] (restricted)
    Other versions:
  9. Beck, Thorsten & Levine, Ross & Loayza, Norman, 2000. "Finance and the sources of growth," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 261-300. [Downloadable!] (restricted)
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  10. Pastor, Manuel Jr., 1990. "Capital flight from Latin America," World Development, Elsevier, vol. 18(1), pages 1-18, January. [Downloadable!] (restricted)
  11. Stanley Fischer, 1993. "The Role of Macroeconomic Factors in Growth," NBER Working Papers 4565, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  12. Henry, Lester, 1996. "Capital Flight from Beautiful Places: The Case of Three Caribbean Countries," International Review of Applied Economics, Taylor and Francis Journals, vol. 10(2), pages 263-72, May.
  13. Boyce, James K., 1992. "The revolving door? External debt and capital flight: A Philippine case study," World Development, Elsevier, vol. 20(3), pages 335-349, March. [Downloadable!] (restricted)
  14. Hausman, Jerry A, 1978. "Specification Tests in Econometrics," Econometrica, Econometric Society, vol. 46(6), pages 1251-71, November. [Downloadable!] (restricted)
  15. Catherine A. Pattillo & Paul Collier & Anke Hoeffler, 1999. "Flight Capital as a Portfolio Choice," IMF Working Papers 99/171, International Monetary Fund.
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  16. Lensink, Robert & Hermes, Niels & Murinde, Victor, 1998. "The Effect of Financial Liberalization on Capital Flight in African Economies," World Development, Elsevier, vol. 26(7), pages 1349-1368, July. [Downloadable!] (restricted)
  17. Collier, Paul & Hoeffler, Anke, 2000. "Greed and grievance in civil war," Policy Research Working Paper Series 2355, The World Bank. [Downloadable!]
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  18. Mikkelsen, Jan Giehm, 1991. "An Econometric Investigation of Capital Flight," Applied Economics, Taylor and Francis Journals, vol. 23(1), pages 73-85, Part A, J.
  19. Anderson, T. W. & Hsiao, Cheng, 1982. "Formulation and estimation of dynamic models using panel data," Journal of Econometrics, Elsevier, vol. 18(1), pages 47-82, January. [Downloadable!] (restricted)
  20. Anderson, T. W. & Hsiao, Cheng., 1980. "Estimation of Dynamic Models with Error Components," Working Papers 336, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Meenakshi Rishi & Valerie Cerra & Sweta Chaman Saxena, 2005. "Robbing the Riches: Capital Flight, Institutions, and Instability," IMF Working Papers 05/199, International Monetary Fund. [Downloadable!]
  2. repec:eab:tradew:606 is not listed on IDEAS
  3. Jomo Kwame Sundaram & Rudiger von Arnim, 2008. "Economic liberalization and constraints to development in sub-Saharan africa," Working Papers 67, United Nations, Department of Economics and Social Affairs. [Downloadable!]
  4. Ratha, Dilip & Mohapatra, Sanket & Plaza, Sonia, 2008. "Beyond aid : new sources and innovative mechanisms for financing development in Sub-Saharan Africa," Policy Research Working Paper Series 4609, The World Bank. [Downloadable!]
  5. David Fielding & Anja Shortland, 2005. "How does political violence affect confidence in a local currency? Evidence from Egypt," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(7), pages 841-866. [Downloadable!]
  6. Fofack, Hippolyte, 2009. "Causality between external debt and capital flight in Sub-Saharan Africa," Policy Research Working Paper Series 5042, The World Bank. [Downloadable!]
  7. Ndikumana, Leonce, 2002. "Additionality of Debt Relief and Debt Forgiveness, and Implications for Future Volumes of Official Assistance," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  8. Alice Sindzingre, 2003. "Liberalisation, Multilateral Institutions and Public Policies : The Issue of Sovereignty In Sub-Saharan Africa," Mondes en développement, De Boeck Université, vol. 123(3), pages 23-56. [Downloadable!]
  9. Fofack, Hippolyte & Ndikumana, Leonce, 2009. "Potential gains from capital flight repatriation for Sub-Saharan African countries," Policy Research Working Paper Series 5024, The World Bank. [Downloadable!]
  10. Luke Emeka Okafor & Joanna Tyrowicz, 2008. "Foreign Debt and Domestic Savings in Developing Countries," Working Papers 2008-06, Faculty of Economic Sciences, University of Warsaw. [Downloadable!]
    Other versions:
  11. Davies, Victor A. B., 2007. "Capital flight and war," Policy Research Working Paper Series 4210, The World Bank. [Downloadable!]
  12. Kisangani Emizet & Léonce Ndikumana, 2003. "The Economics of Civil War: The Case of the Democratic Republic of Congo," Working Papers wp63, Political Economy Research Institute, University of Massachusetts at Amherst. [Downloadable!]
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