Capital Flight and Transfer from Resource-Rich Developing Countries
AbstractThis paper analyzes the influence of international resource price movements on capital outflows from resource-rich developing countries (RRDCs) by distinguishing capital flight and capital transfers. The volume of capital flight and transfers are calculated and their determinants are analyzed using macro-panel data constituting 21 resource-rich developing countries from 1990 to 2011. Through the regression analysis, the linkage between capital flight and resource revenue as well as that between capital flight and debt is suggested. The results of this analysis suggest the need to focus on capital outflow from RRDCs through transnational companies.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 50273.
Date of creation: 29 Sep 2013
Date of revision:
Africa; Asia; capital flight; resource rich developing countries;
Find related papers by JEL classification:
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
This paper has been announced in the following NEP Reports:
- NEP-AFR-2013-10-05 (Africa)
- NEP-ALL-2013-10-05 (All new papers)
- NEP-CIS-2013-10-05 (Confederation of Independent States)
- NEP-CWA-2013-10-05 (Central & Western Asia)
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