Capital Flight and Economic Development: The Experience of Cameroon

Vukenkeng Andrew Wujung; Mukete Emmanuel Mbella

doi:doi:10.11648/j.eco.20160505.11

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Capital Flight and Economic Development: The Experience of Cameroon

Vukenkeng Andrew Wujung, Mukete Emmanuel Mbella

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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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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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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TY  - JOUR
T1  - Capital Flight and Economic Development: The Experience of Cameroon
AU  - Vukenkeng Andrew Wujung
AU  - Mukete Emmanuel Mbella
Y1  - 2016/11/01
PY  - 2016
N1  - https://doi.org/10.11648/j.eco.20160505.11
DO  - 10.11648/j.eco.20160505.11
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 64
EP  - 72
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20160505.11
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
IS  - 5
ER  -

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Author Information

Vukenkeng Andrew Wujung

Economics, Accounting Division, University of Bamenda, Bamenda, Cameroon
Mukete Emmanuel Mbella

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

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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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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}
}

Copy | Download

TY  - JOUR
T1  - Capital Flight and Economic Development: The Experience of Cameroon
AU  - Vukenkeng Andrew Wujung
AU  - Mukete Emmanuel Mbella
Y1  - 2016/11/01
PY  - 2016
N1  - https://doi.org/10.11648/j.eco.20160505.11
DO  - 10.11648/j.eco.20160505.11
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 64
EP  - 72
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20160505.11
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
IS  - 5
ER  -

Copy | Download