Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 363

Full Length Research Paper

The impact of capital flight from beautiful places: The case of the small open economy of Trinidad and Tobago

Michelle Salandy
  • Michelle Salandy
  • University of the West Indies, Trinidad and Tobago.
  • Google Scholar
Lester Henry
  • Lester Henry
  • University of the West Indies, Trinidad and Tobago.
  • Google Scholar


  •  Received: 20 April 2017
  •  Accepted: 27 May 2017
  •  Published: 30 June 2017

References

Adegbite OE, Adetiloye AK (2013). Financial Globalisation and Domestic Investment in Developing Countries: Evidence from Nigeria. Mediter. J. Soc. Sci. 4(6):213-221.
Crossref

 

Adesoye BA, Olukayode E. Maku A, Atanda A (2012). Capital Flight and Investment Dynamics in Nigeria: A Time Series Analysis 1970-2006. Working Paper, Munich Personal RePEc Archive, Research Consulting, Nigeria, Globafrique.

 
 

Adetiloye KA (2012). Capital Flight versus Domestic Investment in
Crossref

 
 

AfDB (African Development Bank), OECD (Organisation for Economic Co-operation and Development), UNDP (United Nations Development Programme) and UNECA (United Nations Economic Commission for Africa) (2012). African Economic Outlook 2012. Paris: OECD.

 
 

Ajayi LB (2012). Capital Flight and Nigeria Economic Growth. Asian J. Fin. Account. 4(2):277-289.
Crossref

 
 

Ajilore TO (2010). An Economic Analysis of Capital Flight from Nigeria. Int. J. Econ. Fin. 2(4):89-101.
Crossref

 
 

Artana D, Sebastián A, Ramiro M, Sandra S, Patrick W (2007). Trinidad & Tobago: Economic Growth in a Dual Economy. In: Growing Pains: Binding Constraints to Productive Investments in Latin America, edited by Manuel Agosin, Eduardo Fernandez-Arias, and Fidel Jaramillo, 365-415. Washington, D.C., United States: Inter-American Development Bank.

 
 

Beja E (2011). Capital Flight and Economic Performance of the Philippines. In: Economic Policies and Issues on a Global Scale, edited by Henry J. Grover, and Nancy C. Regmond, 51-65. New York, NY: Nova Science Publishers.

 
 

Belford C, Greenidge K (2002). The Impact of International Financial Liberalisation on Economic Growth: The Case of CARICOM. In: Facing Globalisation: Impact and Challenges for Barbados and the Caribbean, edited by Harold Codrington, Roland Craigwell, Darrin Downes, 53-77. Barbados: Central Bank of Barbados.

 
 

Bennett KM (1989). Capital Flight and Its Implications for Caribbean Development. Paper presented at the Regional Programme of Monetary Studies Conference on Financing Development in the Caribbean, Bridgetown, Barbados, December 4-8.

 
 

Cerra V, Sweta SC, Meenakshi R (2005). Robbing the Riches: Capital Flight, Institutions, and Instability. IMF Working Paper 05/199, International Monetary Fund, Washington, D.C.
Crossref

 
 

Collier P, Anke H, Catherine AP (2001). Flight Capital as a Portfolio Choice. World Bank Econ. Rev. 15(1):55-80.
Crossref

 
 

Chakrabarty D, Areendam C, Chetan G (2006). Education, Growth, and Redistribution in the Presence of Capital Flight. Woking paper, Department of Economics, Louisiana State University, Louisiana, United States.
Crossref

 
 

Dutta N (2011). Financial Development and Capital Flight: Is the Association Non-Linear? Rev. Int. Econ. Forthcoming. Accessed November 2, 2013. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1260045

 
 

Enders W (1995). Applied Econometric Time Series. 2nd ed. New York: Wiley.

 
 

Epstein G (2005). Capital Flight and Capital Controls in Developing Countries: An Introduction. In: Capital Flight and Capital Controls in Developing Countries, edited by Gerald Epstein, 3-14. Cheltenham, UK: Edward Elgar.

 
 

Fofack H, Ndikumana L (2010). Capital Flight Repatriation: Investigation of its Potential Gains for Sub-Saharan African Countries. Afr. Dev. Rev. 22(1):4-22.
Crossref

 
 

Forgha NG (2008). Capital Flight, Measurability, and Economic Growth in Cameroon: An Econometric Investigation. Int. Rev. Bus. Res. Papers 4(2):74-90.

 
 

Gusarova V (2009). The Impact of Capital Flight on Economic Growth. Master's thesis. Kyiv School of Economics, Kyiv, Ukraine.

 
 

Henry L (1996). Capital Flight from Beautiful Places: The Case of Three Caribbean Countries. Int. Rev. Appl. Econ. 10(2):263-272.
Crossref

 
 

Kapoor S (2010). Illicit Financial Flows and Capital Flight. A Re-Define Briefing Paper, Europe.

 
 

Khodaei H (2012). The Calculation of Capital Flight and its Effect on Macroeconomic Variables in Iran. J. Basic Appl. Sci. Res. 2(9):9365-9369.

 
 

Lesotlho P (2006). An Investigation of the Determinants of Private Investment: The Case of Botswana. Master's thesis. University of the Western Cape, Botswana.

 
 

Magud NE, Reinhart CM (2006). Capital Controls: An evaluation. NBER Working Paper 11973, National Bureau of Economic Research, Cambridge, MA.

 
 

Nkurunziza DJ (2012). Illicit Financial Flows: A Constraint on Poverty Reduction in Africa. Bull. Assoc. Concerned Afr. Scholars 87:15-21.

 
 

Ndiaye AS (2009). Impact of Capital Flight on Domestic Investment in the Franc Zone. In Africa's Development Challenges and Opportunities in the Global Arena –Proceedings of the African Economic Conference 2007 in Addis Ababa, Ethiopia, edited by African Development Bank and United Nations Economic Commission for Africa, 317–355. Paris: Economica.

 
 

Ndiaye AS (2012). Effect of Capital Flight on Financial Development in the West African Economic and Monetary Union. Paper presented at the African Economic Conference on Economic Development, Africa, March 18-20, 2012.

 
 

Ndikumana L, Boyce JK (2008). New Estimates of Capital Flight from Sub-Saharan African Countries: Linkages with External Borrowing and Policy Options." Working Paper Series Number 166, Political Economy Research Institute, University of Massachusetts, Amherst.

 
 

Saheed ZS, Ayodeji S (2012). Impact of Capital Flight on Exchange Rate and Economic Growth in Nigeria. Int. J. Humanit. Soc. Sci. 2(13):247-255.

 
 

Schneider B (2000). Issues in Capital Account Convertibility in Developing Countries. Working Paper, Overseas Development Institute, Stag Place, London, United Kingdom.

 
 

Umoru D (2013). Capital Flight and the Nigerian Economy. Eur. J. Bus. Manage. 5(4):2222-1905.

 
 

Vukenkeng AW, Mukete EM (2016). Capital Flight and Economic Development: The Experience of Cameroon. Economics 5(5):64-72.
Crossref

 
 

Wahyudi ST, Maski G (2012). A Causality between Capital Flight and Economic Growth: A Case Study Indonesia. Working Paper, Department of Economics, Brawijaya University, Indonesia.

 
 

Wooldridge JM (2001). Applications of Generalized Method of Moments Estimation. J. Econ. Perspect. 15(4):87-100.
Crossref