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Capital flight and the uncertainty of government policies

Author

Listed:
  • Hermes, N.
  • Lensink, R.

    (Groningen University)

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.

Suggested Citation

  • 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).
    • Handle: RePEc:gro:rugsom:00c30
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    File URL: http://irs.ub.rug.nl/ppn/240565886
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