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Capital Flight and Economic Development: The Experience of Cameroon

Published in Economics (Volume 5, Issue 5)
Received: 19 September 2016     Accepted: 30 September 2016     Published: 1 November 2016
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Abstract

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.

Published in Economics (Volume 5, Issue 5)
DOI 10.11648/j.eco.20160505.11
Page(s) 64-72
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

FMOLS, Economic Development, Capital Flight, Cameroon

References
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  • APA Style

    Vukenkeng Andrew Wujung, Mukete Emmanuel Mbella. (2016). Capital Flight and Economic Development: The Experience of Cameroon. Economics, 5(5), 64-72. https://doi.org/10.11648/j.eco.20160505.11

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    ACS Style

    Vukenkeng Andrew Wujung; Mukete Emmanuel Mbella. Capital Flight and Economic Development: The Experience of Cameroon. Economics. 2016, 5(5), 64-72. doi: 10.11648/j.eco.20160505.11

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    AMA Style

    Vukenkeng Andrew Wujung, Mukete Emmanuel Mbella. Capital Flight and Economic Development: The Experience of Cameroon. Economics. 2016;5(5):64-72. doi: 10.11648/j.eco.20160505.11

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  • @article{10.11648/j.eco.20160505.11,
      author = {Vukenkeng Andrew Wujung and Mukete Emmanuel Mbella},
      title = {Capital Flight and Economic Development: The Experience of Cameroon},
      journal = {Economics},
      volume = {5},
      number = {5},
      pages = {64-72},
      doi = {10.11648/j.eco.20160505.11},
      url = {https://doi.org/10.11648/j.eco.20160505.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20160505.11},
      abstract = {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.},
     year = {2016}
    }
    

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    T1  - Capital Flight and Economic Development: The Experience of Cameroon
    AU  - Vukenkeng Andrew Wujung
    AU  - Mukete Emmanuel Mbella
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    DO  - 10.11648/j.eco.20160505.11
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    AB  - 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.
    VL  - 5
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Author Information
  • Economics, Accounting Division, University of Bamenda, Bamenda, Cameroon

  • Catholic University Instituteof Buea (CUIB), School of Business, Buea, Cameroon

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