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

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Date Written: January 8, 2013

Abstract

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

Asongu, Simplice, Fighting African Capital Flight: Timelines for the Adoption of Common Policies (January 8, 2013). The Empirical Economics Letters (October, 2013). . Available at SSRN: https://ssrn.com/abstract=2493304 or http://dx.doi.org/10.2139/ssrn.2493304

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

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