462
Views
0
CrossRef citations to date
0
Altmetric
Research Article

Examining the link between tax revenue mobilization efforts and capital flight in African countries

ORCID Icon
Article: 2339349 | Received 05 Sep 2023, Accepted 01 Apr 2024, Published online: 12 Apr 2024

References

  • Ajayi, I. S. 1995. “Capital Flight and External Debt in Nigeria.” African Economic Research Consortium, Research Paper 35.
  • Akinlo, T. 2023. "Does Institutional Quality Modulate the Effect of Capital Flight on Economic Growth in sub-Saharan Africa?" Journal of Money Laundering Control 27 (1): 60–75.
  • Akobeng, E. 2016. “Out of Inequality and Poverty: Evidence for the Effectiveness of Remittances in Sub-Saharan Africa.” The Quarterly Review of Economics and Finance 60: 207–223.
  • Alvi, E., and A. Senbeta. 2012. “Does Foreign Aid Reduce Poverty?” Journal of International Development 24 (8): 955–976.
  • Andersen, J. J., and S. Aslaksen. 2013. “Oil and Political Survival.” Journal of Development Economics 100 (1): 89–106. https://doi.org/10.1016/j.jdeveco.2012.08.008
  • Arellano, M., and O. Bover. 1995. “Another Look at the Instrumental Variable Estimation of Error-Components Models.” Journal of Econometrics 68 (1): 29–51. https://doi.org/10.1016/0304-4076(94)01642-D
  • Asongu, S. A. 2013. “Fighting African Capital Flight: Timelines for the Adoption of Common Policies.” The Empirical Economics Letters 12: 10.
  • Asongu, S. A., and N. M. Odhiambo. 2020. "Insurance Policy Thresholds for Economic Growth in Africa." The European Journal of Development Research, 32: 672–689.
  • Asongu, S. A., and J. C. Nwachukwu. 2016. “Revolution Empirics: Predicting the Arab Spring.” Empirical Economics 51 (2): 439–482. https://doi.org/10.1007/s00181-015-1013-0
  • Baltagi, B. H. 2013. Econometric Analysis of Panel Data. 5th ed. West Sussex: Wiley.
  • Bhagwati, J. 1964. On the Under Invoicing of Imports. Vol. 26. Bulletin of the Oxford Universitt; Institute of Statistics.
  • Blundell, R., and S. Bond. 1998. “Initial Conditions and Moment Restrictions in Dynamic Panel Data Models.” Journal of Econometrics 87 (1): 115–143. https://doi.org/10.1016/S0304-4076(98)00009-8
  • Collier, P., and A. Hoeffler. 1998. “On Economic Causes of Civil War.” Oxford Economic Papers 50 (4): 563–573. https://doi.org/10.1093/oep/50.4.563
  • Cuddington, J. T. 1986. Capital Flight: Estimates, Issues, and Explanations. New Jersey: Princeton University Press.
  • Culpeper, R., and B. Aniket. 2010. Do-it-yourself Development: A Synthesis Report on Domestic Resource Mobilization in Sub-Saharan Africa. Ottawa: The North-South Institute.
  • Dooley, M. P. 1986. Country Specific Risk Premiums, Capital Flight and Net Investment Income Payments in Selected Developing Countries. Unpublished manuscript, Washington: International Monetary Fund.
  • Dooley, M. P. 1988. “Capital Flight: A Response to Differences in Financial Risks.” Staff Papers - International Monetary Fund 35 (3): 422–436. https://doi.org/10.2307/3867180
  • Ezu, G., and P. I. Oranefo. 2023. “Effect of Capital Flight on Foreign Investment in Nigeria.” International Journal of Novel Research in Marketing Management and Economics 10 (1): 43–52.
  • Hermes, N., R. Lensink, and V. Murinde. 2002. “Flight Capital and Its Reversal for Development Financing.” Discussion Paper No. 2002/99.
  • Hermes, N., and R. Lensink.  2002. "The Impact of Foreign Bank Entry on Domestic Banks in LDCs: An Econometric Analysis." Raporty. Opracowania. Referaty/Akademia Ekonomiczna w Poznaniu (20 Foreign Banks and Economic Transition: Papers in Progress), 129–146.
  • Kolstad, L., and T. Soreide. 2009. “Corruption in Natural Resource Management: Implications for Policymakers.” Resources Policy 34 (4): 214–226. https://doi.org/10.1016/j.resourpol.2009.05.001
  • Kwaramba, L., N. Mahonye, and L. Mandishara. 2016. “Capital Flight and Trade Misinvoicing in Zimbabwe.” African Development Review 28 (S1): 50–64. https://doi.org/10.1111/1467-8268.12181
  • Le, Q., and Rishi Meenakshi. 2006. “Corruption and Capital Flight: An Empirical Assessment.” International Economic Journal 20 (4): 534–540.
  • Lin, S. C., and D. H. Kim. 2014. “The Link Between Economic Growth and Growth Volatility.” Empirical Economics 46 (1): 43–63. https://doi.org/10.1007/s00181-013-0680-y
  • Loungani, P., and P. Mauro. 2000. “Capital Flight from Russia.” World Economy 24 (5): 686–709.
  • Love, I., and L. Zicchino. 2006. “Financial Development and Dynamic Investment Behavior: Evidence from Panel VAR.” The Quarterly Review of Economics and Finance 46 (2): 190–210.
  • Morgan Guaranty, T. C. 1986. “LDC Capital Flight.” World Financial Markets, 13–15.
  • Mpenya, A. H., C. Metseyem, and B. N. Epo. 2016. “Ressources naturelles et fuite des capitaux au Cameroun.” African Development Review 28 (S1): 88–99. https://doi.org/10.1111/1467-8268.12183
  • Muchai, D. N., and J. Muchai. 2016. “Fiscal Policy and Capital Flight in Kenya.” African Development Review 28 (S1): 8–21. https://doi.org/10.1111/1467-8268.12178
  • Ndikumana, L., and J. K. Boyce. 2010. “Measurement of Capital Flight: Methodology and Results for Sub-Saharan African Countries.” African Development Review 22 (4). https://doi.org/10.1111/j.1467-8268.2010.00243.x
  • Ndikumana, L., and J. K. Boyce. 2018. “Capital Flight From Africa.” Updated Methodology and New Estimates June 01 2018 | Research Report.
  • Ndikumana, L., J. Boyce, and A. Ndiaye. 2014. Capital Flight Measurement and Drivers. Political Economy Research Institute, 2–5.
  • Ndikumana, L., and M. Sarr. 2019. “Capital Flight, Foreign Direct Investment, and Natural Resources in Africa.” Resources Policy 63: 101427. https://doi.org/10.1016/j.resourpol.2019.101427
  • Nickell, S. J. 1981. Biases in Dynamic Models with Fixed Effects. Econometrica.
  • Onwioduokit, E. A. 2001. Capital Flight from Nigeria: An Empirical Re-Examination. Accra: West African Monetary Institute.
  • Orji, A., E. Jonathan, K. Kama, and I. Onyinye. 2020. “Capital Flight and Economic Growth in Nigeria: A new Evidence from ARDL Approach.” Asian Development Policy Review, 8: 171–184. https://doi.org/10.18488/journal.107.2020.83.171.184
  • Pastor, M. J. 1990. “Capital F1ight from Latin America.” World Development 18 (1): 1–18. https://doi.org/10.1016/0305-750X(90)90099-J
  • Pradan, A. K., and G. S. Hiremath. 2017. “The Capital Flight from India: A Case of Missing Woods for Trees?” Singapore Econ Rev 62 (2): 1–19.
  • Raheem, I. D. 2015. “Re-examining the Determinants of Capital Flight and the Potential Benefits of Capital Flight Repatriation for SSA.” African Journal of Business and Economic Research 10 (1): 55–94.
  • Roodman, D. 2009a. “How to do Xtabond2: An Introduction to Difference and System Gmm in Stata.” The Stata Journal: Promoting Communications on Statistics and Stata 9 (1): 86–136. https://doi.org/10.1177/1536867x0900900106
  • Roodman, D. 2009b. “A Note on the Theme of too many Instruments.” Oxford Bulletin of Economics and Statistics 71 (1): 135–158. https://doi.org/10.1111/j.1468-0084.2008.00542.x
  • Ross, M. 2015. “What Have we Learned About the Resource Curse?” Annual Review of Political Science 18 (1): 239–259. https://doi.org/10.1146/annurev-polisci-052213-040359
  • Sachs, J. D., and A. M. Warner. 1997. “Fundamental Sources of Long-Run Growth.” The American Economic Review 87 (2): 184–188.
  • Salisu, A. A., and K. O. Isah. 2021. “Capital Flight Growth Nexus in Sub-Saharan Africa: The Role of Macroeconomic Uncertainty.” The Journal of Developing Areas 55 (1): 167–184. https://doi.org/10.1353/jda.2021.0013
  • Schineller, L. 1997. A Nonlinear Econometric Analysis of Capital Flight. International Finance Discussion Paper. Washington, DC: Board of Governors of the Federal Reserve System.
  • Schneider, B. 2003. Measuring Capital Flight: Estimates and Interpretations. Working Paper 194. London: Overseas Development Institute.
  • Sheng, L. 2010. “Growth–Volatility Tradeoff in the Face of Financial Openness: A Perspective of Developing Economies.” Cambridge Review of International Affairs 23 (4): 609–622. https://doi.org/10.1080/09557571.2010.523822
  • Stijns, J. P. 2005. “Natural Resource Abundance and Economic Growth Revisited.” Resources Policy 30 (2): 107–130.
  • Tornell, A., and P. R. Lane.  1998. "Are Windfalls a Curse?: A Non-Representative Agent Model of the Current Account." Journal of International Economics 44 (1):  83–112.
  • WDI. 2021. World Development Indicators. Washington, DC: World Bank. https://data.worldbank.org/indicator
  • Windmeijer, F. 2005. “A Finite Sample Correction for the Variance of Linear Efficient Two-Step GMM Estimators.” Journal of Econometrics 126 (1): 25–51.
  • World Bank. 1985. World Development Report 1985. Washington, DC: World Bank.