Fighting African Capital Flight: Timelines for the Adoption of Common Policies
The Empirical Economics Letters (October, 2013).
9 Pages Posted: 9 Sep 2014 Last revised: 1 Apr 2015
Date Written: January 8, 2013
This paper provides an exhaustive assessment of feasible horizons for policy harmonization against African capital flight. The empirical evidence is based on a methodological innovation on common policy initiatives and the results are premised on 15 fundamental characteristics of African capital flight based on income-levels, legal origins, natural resources, political stability and religious domination. Based on the findings, a genuine standard-setting timeframe is in the horizon of 6-13 years. Within the timeframe, common policies are feasible and could be enforced without distinction of nationality or locality in identified fundamental characteristics with full convergence.
Keywords: Econometric modeling; Big push; Capital flight; Debt relief; Africa
JEL Classification: C50; E62; F34; O19; O55
Suggested Citation: Suggested Citation