Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/105716 
Year of Publication: 
2000
Series/Report no.: 
Working Paper No. 2000-01
Publisher: 
University of Massachusetts, Department of Economics, Amherst, MA
Abstract: 
This paper presents estimates of capital flight from 25 low-income sub-Saharan African countries in the period 1970 to 1996. Capital flight totaled more than $193 billion (in 1996 dollars); with imputed interest earnings, the accumulated stock of flight capital amounts to $285 billion. The combined external debt of these countries stood at $178 billion in 1996. Taking capital flight as a measure of private external assets, and calculating net external assets as private external assets minus public external debts, sub-Saharan Africa thus appears to be a net creditor vis-à-vis the rest of the world.
Document Type: 
Working Paper

Files in This Item:
File
Size
125.54 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.