Capital flight and the uncertainty of government policies

Research output: Working paperAcademic

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This paper shows that policy uncertainty, measured by the uncertainty of budget deficits, tax 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.
Original languageEnglish
Number of pages18
Publication statusPublished - 2000


  • Onzekerheid
  • Economische politiek
  • Kapitaalvlucht
  • 83.44;

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