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Foreign Direct Investment and Capital Flight

Author

Listed:
  • kant, C.

Abstract

Despite the incresing importance of foreign direct investment for developing countries, little attention has been given to its financial effects in general or its relation to capital flight in particular. It has been found that 31 to 40 percent of the private external borrowing guaranteed by developing-country governments leaves as capital flight.

Suggested Citation

  • kant, C., 1996. "Foreign Direct Investment and Capital Flight," Princeton Studies in International Economics 80, International Economics Section, Departement of Economics Princeton University,.
  • Handle: RePEc:fth:prinfi:80
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    Citations

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    Cited by:

    1. Avi-Yonah, Reuven S., 2001. "Globalization and tax competition: implications for developing countries," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    2. Leonce Ndikumana & Mare Sarr, 2016. "Capital Flight and Foreign Direct Investment in Africa: An Investigation of the Role of Natural Resource Endowment," SALDRU Working Papers 167, Southern Africa Labour and Development Research Unit, University of Cape Town.
    3. Léonce Ndikumana & Mare Sarr, 2016. "Capital flight and foreign direct investment in Africa An investigation of the role of natural resource endowment," WIDER Working Paper Series 058, World Institute for Development Economic Research (UNU-WIDER).
    4. Slim, Sadri, 2015. "Un modelo Mundell-Fleming con economía ilegal y lavado de dinero
      [Modeling illegal economy and money laundering: a Mundell-Fleming framework]
      ," MPRA Paper 64675, University Library of Munich, Germany.
    5. repec:eee:ecofin:v:44:y:2018:i:c:p:193-203 is not listed on IDEAS
    6. Hermes, Niels & Lensink, Robert & Murinde, Victor, 2002. "Flight Capital and its Reversal for Development Financing," WIDER Working Paper Series 099, World Institute for Development Economic Research (UNU-WIDER).
    7. Yin-Wong Cheung & XingWang Qian, 2010. "Capital Flight: China's Experience," Review of Development Economics, Wiley Blackwell, vol. 14(2), pages 227-247, May.
    8. Liew, Siew-Ling, 2016. "Review on Determinants of Capital Flight," MPRA Paper 70445, University Library of Munich, Germany.
    9. Seung-Gwang Baek & Doo Yong Yang, 2010. "Institutional Quality, Captal Flight and Capital Flows," Korean Economic Review, Korean Economic Association, vol. 26, pages 121-155.
    10. Cheung, Yin-Wong & Steinkamp, Sven & Westermann, Frank, 2016. "China's capital flight: Pre- and post-crisis experiences," Journal of International Money and Finance, Elsevier, vol. 66(C), pages 88-112.
    11. Demirbag, Mehmet & Apaydin, Marina & Tatoglu, Ekrem, 2011. "Survival of Japanese subsidiaries in the Middle East and North Africa," Journal of World Business, Elsevier, vol. 46(4), pages 411-425, October.
    12. Orkoh, Emmanuel & Claassen, Carike & Blaauw, Derick, 2017. "Corruption, political stability and illicit financial outflows in Sub-Saharan Africa," EconStor Preprints 182082, ZBW - Leibniz Information Centre for Economics.
    13. repec:asi:aeafrj:2018:p:1185-1195 is not listed on IDEAS
    14. Beja Jr, Edsel, 2010. "Balance of Payments-consistent unreported flows," MPRA Paper 21699, University Library of Munich, Germany.
    15. Chander KANT, "undated". "Relationship between Different Types of Private Capital Flows to Developing Countries," EcoMod2008 23800056, EcoMod.
    16. Fouzia Amin & Sanmugam Annamalah, 2013. "An evaluation of Malaysian capital controls," Journal of Economic Studies, Emerald Group Publishing, vol. 40(4), pages 549-571, August.
    17. Demachi, Kazue, 2013. "Capital Flight and Transfer from Resource-Rich Developing Countries," MPRA Paper 50273, University Library of Munich, Germany.
    18. Andrew Powell & Dilip Ratha & Sanket Mohapatra, 2002. "Capital Inflows and Capital Outflows: Measurement, Determinants, Consequences," Business School Working Papers veinticinco, Universidad Torcuato Di Tella.
    19. Melike Altinkemer, 1996. "Capital Flows : The Turkish Case," Discussion Papers 9601, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    20. Lim Choon-Seng, 1999. "Extent and Efficacy of Monetary Sterilisation in the SEACEN Countries," Research Studies, South East Asian Central Banks (SEACEN) Research and Training Centre, number rp40, April.
    21. Mouhamadou Sy, 2012. "Exchange Rate Regimes, Capital Controls and the Pattern of Speculative Capital Flows," PSE Working Papers halshs-00684591, HAL.
    22. repec:taf:rjapxx:v:7:y:2002:i:2:p:203-241 is not listed on IDEAS
    23. Kazue Demachi, 2014. "Capital flight from resource rich developing countries," Economics Bulletin, AccessEcon, vol. 34(2), pages 734-744.
    24. Letete Emmanuel & Sarr Mare, 2017. "Working Paper 275 - Illicit Financial Flows and Political Institutions in Kenya," Working Paper Series 2392, African Development Bank.

    More about this item

    Keywords

    CAPITAL MARKET; FOREIGN INVESTMENTS; DEVELOPING COUNTRIES; CAPITAL MOVEMENTS;

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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