Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries

Research, Preprint English OPEN
Léonce Ndikumana; James K. Boyce;
  • Publisher: Amherst, MA: University of Massachusetts, Department of Economics
  • Subject: debt relief | capital flight | capital control | debt | sub-Saharan Africa | capital flight; debt; sub-Saharan Africa; debt relief; capital control
    • ddc: ddc:330

We investigate the determinants of capital flight from 30 sub-Saharan African countries, including 24 countries classified as severely indebted low-income countries, for the period 1970-1996. The econometric analysis reveals that external borrowing is positively and sig... View more
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