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Tax Evasion and Capital Flight in Africa

"Expanding the tax base raises government revenue and is essential for sustainable poverty reduction in African countries. With volatile ODA, FDI, loans, and remittances, domestic resource mobilization via taxes remains a vital source of revenue for…

Illicit Financial Flows and Stolen Assets Value Recovery

"Value recovery of stolen assets is both an enforcement of anti-money laundering laws and a potent weapon against corruption. When obtainable, it represents society’s credible commitment to ensure that “crimes do not pay.” We explore these linkages …

Capital Flight, Safe Havens and Secrecy Jurisdictions

"The terms “safe haven” and “secrecy jurisdiction” are arguably more appropriate than “tax haven” or even “offshore financial center” in discussing capital flight. Florida, for example, is thought to be the main destination for capital flight from …

Capital Flight and Institutional Frameworks to Promote Transparency

"The paper has three main objectives. First it identifies the kind of institutional frameworks at the global, regional and country level which have evolved to address the issues of illicit financial flows. Second, it analyzes the factors that have …

Strategies for Addressing Capital Flight

"This paper discusses strategies to stem capital flight from African countries. It emphasizes the importance of the distinction between licitly and illicitly acquired capital, and the need to tailor strategies to the specific type of capital flight…

Capital Flight: Measurement and Drivers

"This paper describes the nature of capital flight, the methodologies used to measure it, and its drivers. The paper presents updated estimates of the magnitude of capital flight from 39 African countries for which adequate data are available for th…

Capital Flight and Economic Development in Africa

"This paper takes a broad approach to the analyses and implications of capital flight for economic growth and development in Africa. It provides an overview of why capital flight constrains and undermines economic growth and development in Africa be…

Capital Flight and Poverty Reduction in Africa

"This paper investigates the impact of capital flight on poverty reduction through the investment and growth channel. It uses two approaches. First, the Incremental Capital-Output Ratio (ICOR) approach is used to estimate additional income that woul…

Capital Flight and Flow of Funds

"This paper specifies three asset demand equations in a flow-of-funds framework to underpin the demand for capital flight, domestic money, and foreign debt. The estimation uses data on four groups of African countries over 1970–2010: (1) the entire …

Capital Flight and Monetary Policy in African Countries

"According to conventional economic theory, high interest rates are expected to stem capital flight by raising the relative rate of return to investment in domestic assets. However, African countries have experienced high capital flight over the pas…

Financial Liberalization and Capital Flight: Evidence from the African Continent

"During the past decades, many countries experienced considerable capital flight. Residents moved their wealth abroad, using different ways to accumulate foreign assets. Since the 1990s, several of these countries reformed their domestic financial m…

Capital Flight and the Financial System

"Capital flight has become an increasing source of concern for policy makers in developing countries, including African economies, since it represents a severe constraint for growth and development. This paper analyzes how the domestic and global fi…

The Determinants of Child Schooling in Nigeria

"This study is expected to contribute to the scarce literature on who actually is schooled in Nigeria. The results will identify the differentials in the schooling outcomes of rural and urban households, and in gender to provide useful implications…

Import Demand in Ghana:Structure Behaviour and Stability

"This study analyses the structure of, and model demand for imports into Ghana using time series data from 1967 to 2004. Also, it assesses the long-run and short-run elasticities of aggregate imports and their components, and determines whether the …

Macroeconomic Impact of Capital Flight in Sub-Saharan Africa

"This paper assesses the impact of capital flight on growth in thirty-one sub-Saharan African countries. It first considers the “macro fundamentals” hypothesis that capital flight would be lower in a country whose government adhered to “sound” macro…

Natural Resources and Capital Flight: A Role for Policy?

"This paper investigates the relationship between natural resources and capital flight in the form of tax avoidance from multinational corporations. In particular, it focuses on the spillover effects in terms of tax revenue mobilization and stock ma…

Governance and Illicit Financial Flows

"Insofar that it corrodes governance, engendering opportunistic crimes, grand corruption lies at the core of the problem of illicit financial flows. We identify at least two likely antagonistic circles in the illicit flow process—a virtuous circle a…

The Impact of Economic Performance on Health in Zimbabwe

"The nexus between economic growth and health outcomes has been extensively studied. However the relationship between the two is not clear. Historically, decline in both infant and child mortality rates, and the fall in both male and female adult m…

The Relationship between Health and Economic Growth in Nigeria

"There seems to be a broad consensus that economic growth can definitely lead to improvement in health. For example, economic growth could lead to increased availability of food; increased earnings which makes health spending more affordable; and a…

Impact of Parental Socioeconomic Status on Child Health Outcomes in Kenya

"It is widely acknowledged that a healthy nation is a wealthy nation. However, like most developing countries, Kenya records unfavourable population health indicators. An extensive body of knowledge suggests inter-generational health effects where a…

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