This paper shows that policy uncertainty, measured by the uncertainty of budget deficits, tart payments, government consumption and the inflation rate, has a statistically significant positive impact on capital flight. This result remains robust after having applied stability tests. (C) 2001 Elsevier Science BN. All rights reserved.
|Number of pages||5|
|Publication status||Published - Jun-2001|
- capital flight
- macroeconomic policy