The Incidence of Capital Flight in an African Open Economy
, PP. 1-18 10.4236/oalib.1103736
Keywords: Monetary Policy, International Factor Movements, Illegal Behavior and the Enforcement of Law
This study investigated
the incidence of capital flight in Nigeria. A combination of the push factors
theory and the portfolio risk approach was employed. The policy and economic
environments and political developments were suspected enabling factors. The
analysis was confined to the short run in order to avoid the ambiguity inherent
in the long run effects of some explanatory variables. Following from the
preliminary data analysis, estimates were provided for non-ratio and ratio
specifications. Whereas the overall goodness of fit was very impressive under
the two specifications, particular variables’ performances were somewhat
converse. However, a common denominator emerged from the results to tip off
Cite this paper
Ogun, O. (2017). The Incidence of Capital Flight in an African Open Economy.
Open Access Library Journal, 4, e3736. doi: http://dx.doi.org/10.4236/oalib.1103736.
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