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The Effect of Ease of Doing Business on Capital Flight: Evidence from East Asian Countries

Author

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  • Zahra Dehghan Shabani

    (Department of Economics, Shiraz University, Shiraz, Iran.)

  • Sara Parang

    (Department of Economics, Shiraz University, Shiraz, Iran.)

Abstract

The business environment is characterized by environmental and exogenous factors that affect company performance to the extent that it prevents managers from interacting effectively with a company. This study built on the literature on the ease of doing business and capital flight by empirically demonstrating the importance of business environments across different countries. To this end, an econometric model was estimated by using a dynamic panel data model on selected East Asian countries during the period of 2004 to 2015. We found that the ease of doing business exerts negative and significant effects on capital flight. Our estimates suggested that an increase in ease of doing business leads to an average decrease of 0.09% in capital flight in all the examined countries.

Suggested Citation

  • Zahra Dehghan Shabani & Sara Parang, 2019. "The Effect of Ease of Doing Business on Capital Flight: Evidence from East Asian Countries," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 23(4), pages 819-838, Autumn.
    • Handle: RePEc:eut:journl:v:23:y:2019:i:4:p:819
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    Citations

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    Cited by:

    1. Carmen Comăniciu, 2019. "Is There a Correlation Between the Ease of Doing Business Index and the Haven Score?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 686-694, December.
    2. Victor Ushahemba Ijirshar & Joshua Kpelai Nomkuha & Benjamin Bem Bura & Joseph Tarza Sokpo & Mlumun Queen Ijirshar, 2023. "Ease of doing business and investment among West African countries," African Development Review, African Development Bank, vol. 35(2), pages 97-112, June.
    3. Emmanuel Uche & Lionel Effiom, 2021. "Fighting capital flight in Nigeria: have we considered global uncertainties and exchange rate volatilities? Fresh insights via quantile ARDL model," SN Business & Economics, Springer, vol. 1(6), pages 1-22, June.

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