publication . Preprint . 1993

Recent estimates of capital flight

Claessens, Stijn; Naude, David;
Open Access
  • Published: 30 Sep 1993
Abstract
Researchers and policymakers have in recent years paid considerable attention to the phenomenon of capital flight. Researchers have focused on four questions: What concept should be used to measure capital flight? What figure for capital flight will emerge, using this measure? Can the occurrence and magnitude of capital flight be explained by certain (economic) variables? What policy changes can be useful to reverse capital flight? The authors focus strictly on presenting estimates of capital flight using a number of alternative methodologies. In their discussion of these methodologies, they show that although the approaches to measuring capital flight differ, t...
Subjects
free text keywords: Economic Theory&Research,Banks&Banking Reform,Settlement of Investment Disputes,International Terrorism&Counterterrorism,Financial Economics

18GEPworldrefers to 151countriesas usedin GlobalEconomicProspects,1993.The WorldBank, The GEP worldfigureof capitalflightdoes notincludedata for all countries(outsidethe 84) for all years.

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