An empirical investigation of capital flight from Zimbabwe

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dc.contributor.author Makochekanwa, Albert
dc.date.accessioned 2008-02-11T07:43:13Z
dc.date.available 2008-02-11T07:43:13Z
dc.date.issued 2007-07
dc.description.abstract This paper investigates the causes of capital flight from Zimbabwe for the period 1980 to 2005. The results show external debt, foreign direct investment inflows, and foreign reserves to be the major causers of capital flight. Economic growth is negatively correlated with capital flight. The calculations estimate Zimbabwean capital flight at US $10.1 billion over the 1980 to 2005 period, with capital flight-to-GDP ratio roughly 5.4 per cent. In other words, for every US dollar of GDP accumulated by Zimbabwe annual from 1980 to 2005, private Zimbabwean residents accumulated (US) 5.4 cents of external assets annually during the same period. en
dc.format.extent 228469 bytes
dc.format.mimetype application/pdf
dc.identifier.citation Makochekanwa, A 2007, 'An empirical investigation of capital flight from Zimbabwe', University of Pretoria, Department of Economics, Working paper series, no. 2007-11. [ http://web.up.ac.za/default.asp?ipkCategoryID=736&sub=1&parentid=677&subid=729&ipklookid=3] en
dc.identifier.uri http://hdl.handle.net/2263/4400
dc.language.iso en en
dc.publisher University of Pretoria, Department of Economics en
dc.relation.ispartofseries Working Paper (University of Pretoria, Department of Economics) en
dc.relation.ispartofseries 2007-11 en
dc.rights University of Pretoria, Department of Economics en
dc.subject Capital flight en
dc.subject External debt en
dc.subject Foreign direct investment inflows en
dc.subject Macroeconomic instability en
dc.subject.lcsh Capital movements -- Zimbabwe en
dc.title An empirical investigation of capital flight from Zimbabwe en
dc.type Working Paper en


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