The Effect of capital account openness and institutional quality on capital flight
Journal: KDI Central Archives (Korea Development Institute)
Year: 2019

This paper studies the effect of capital account openness and institutional quality on capital flight.It takes BRICS countries as the research object by using panel data during 2000-2015 and reviews capital account openness through three angles, including overall indicators, capital inflow sector and capital outflow sector.The study shows that the improvement of overall capital account openness does not lead to an increase in capital flight.On the contrary, it acts as a restraint.Increase in cap