Boyce, J. K.; Ndikumana, L. - In: Journal of Development Studies 38 (2001) 2, pp. 27-56
This article presents estimates of capital flight from 25 low-income sub-Saharan African countries in the period 1970 to 1996. Capital flight totaled more than $193 billion (in 1996 dollars); with imputed interest earnings, the accumulated stock of flight capital amounts to $285 billion. The...