Volume 5, Issue 5, October 2016, Page: 64-72
Capital Flight and Economic Development: The Experience of Cameroon
Vukenkeng Andrew Wujung, Economics, Accounting Division, University of Bamenda, Bamenda, Cameroon
Mukete Emmanuel Mbella, Catholic University Instituteof Buea (CUIB), School of Business, Buea, Cameroon
Received: Sep. 19, 2016;       Accepted: Sep. 30, 2016;       Published: Nov. 1, 2016
DOI: 10.11648/j.eco.20160505.11      View  4124      Downloads  228
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.
Keywords
FMOLS, Economic Development, Capital Flight, Cameroon
To cite this article
Vukenkeng Andrew Wujung, Mukete Emmanuel Mbella, Capital Flight and Economic Development: The Experience of Cameroon, Economics. Vol. 5, No. 5, 2016, pp. 64-72. doi: 10.11648/j.eco.20160505.11
Copyright
Copyright © 2016 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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