文章

    Lensink, R., Hermes, N. and Murinde, V. (1998b) The Effect of Financial Liberalization on Capital Flight in African economies. World Development, 26, 1349-1368.

被如下文章引用:

  • TITLE: The Incidence of Capital Flight in an African Open Economy
  • AUTHORS: Oluremi Ogun
  • KEYWORDS: Monetary Policy, International Factor Movements, Illegal Behavior and the Enforcement of Law
  • JOURNAL NAME: Open Access Library Journal DOI: 10.4236/oalib.1103736 Sep 14, 2017
  • ABSTRACT: 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 policy direction.