Determinants of Capital Flight and its Impact on Economic Performance: A Study of Developing Economies
Journal: Foundation University Journal of Business & Economics
Year: 2022

Capital flight imposes a great danger to the developing economies by lowering their economic activity, devaluing the currency, and hindering growth. This paper contributes to the literature by investigating the determinants of capital flight of developing economies. Determinants are studied as indices, and these indices are calculated by using the Arithmetic Mean approach. There is a two-step model; in the first part,determinants are discussed, and in the second part, capital flight is used as a