Capital Flight and Economic Development: The Experience of Cameroon

Autor:	Mukete Emmanuel Mbella, Vukenkeng Andrew Wujung
Rok vydání:	2016
Předmět:	Economic growth Capital flight Economics Real interest rate External debt
Zdroj:	Economics. 5:64
ISSN:	2376-659X
DOI:	10.11648/j.eco.20160505.11
Popis:	The paper investigates the relationship between capital flight and economic development in the Cameroon economy during the period1970-2013. Applying the Fully Modified Least Squares (FMOLS) technique, we found evidence in support of a negative significant relationship between capital flight and economic development in Cameroon over the period of the study. Other variables with significant negative impact on economic development are external debt and exports. On the other hand, a factor such as real interest rate was found to associate positively with economic development.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::dfa2d421b440cde55553109c8a23cd4d https://doi.org/10.11648/j.eco.20160505.11 Zobrazit plný text záznamu