Capital flight and political risk

R Lensink*, N Hermes, [No Value] Murinde

*Bijbehorende auteur voor dit werk

    OnderzoeksoutputAcademicpeer review

    83 Citaten (Scopus)

    Samenvatting

    This paper provides the first serious attempt to examine the relationship between political risk and capital flight for a large set of developing countries. The outcomes of the analysis show that in most cases political risk variables do have a statistically robust relationship to capital flight once domestic and international macroeconomic circumstances are added, at least when the robustness test as proposed by Sala-i-Martin is applied. We conclude that on the basis of the analysis in this paper we have found support for the hypothesis that political risk leads to increased capital flight (C) 2000 Elsevier Science Ltd. All rights reserved.

    Originele taal-2English
    Pagina's (van-tot)73-92
    Aantal pagina's20
    TijdschriftJournal of International Money and Finance
    Volume19
    Nummer van het tijdschrift1
    StatusPublished - feb-2000

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