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Capital flight and the uncertainty of government policies

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Author Info
Hermes, N.
Lensink, R. (Groningen University)

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Abstract

This paper shows that policy uncertainty, measured by the uncertainty of budget deficits, tax payments, government consumption and the inflation rate, has a statistically significant positive impact on capital flight. This result remains robust after having applied stability tests.

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File URL: http://irs.ub.rug.nl/ppn/240565886
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Publisher Info
Paper provided by University of Groningen, Research Institute SOM (Systems, Organisations and Management) in its series Research Report with number 00C30.

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Date of creation: 2000
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Handle: RePEc:dgr:rugsom:00c30

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This page was last updated on 2009-12-9.

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