Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/204944
Authors: 
Asongu, Simplice
Nting, Rexon T.
Osabuohien, Evans
Year of Publication: 
2019
Series/Report no.: 
AGDI Working Paper WP/19/015
Abstract: 
This inquiry assess es if terrorism sustains the capital flight trap and whether the relationship is affected b y varying the levels of governance and globalisation. The empirical evidence is based on interactive Generalised Method of Moments with data from 37 African countries for the period 1996-2010. The followings are established. (1) Evidence of a capital flight trap is apparent because past values of capital flight have a positive effect on future values of capital flight. (2) Terrorism sustains the positive effect of the capital flight trap on capital flight. (3) For the most part (especially with regard to political governance), terrorism sustains the addiction to capital flight in above-median governance sub-samples. Policy implications are discussed.
Subjects: 
Capital flight
terrorism
Africa
JEL: 
C50
D74
F23
N40
O55
Document Type: 
Working Paper

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