Capital flight and the uncertainty of government policies

Authors
Hermes, N Lensink, R
Citation
N. Hermes et R. Lensink, Capital flight and the uncertainty of government policies, ECON LETT, 71(3), 2001, pp. 377-381
Citations number
9
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
71
Issue
3
Year of publication
2001
Pages
377 - 381
Database
ISI
SICI code
0165-1765(200106)71:3<377:CFATUO>2.0.ZU;2-6
Abstract
This paper shows that policy uncertainty, measured by the uncertainty of bu dget deficits, tart payments, government consumption and the inflation rate , has a statistically significant positive impact on capital flight. This r esult remains robust after having applied stability tests. (C) 2001 Elsevie r Science BN. All rights reserved.