Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital flight, using panel data for a large set of developing, emerging market and...

The debate on outsourcing of skilled jobs to India has recently picked up steam and has become a hot election-year issue. Bills put forth in almost twenty five states have provisions that seek to limit the outsourcing trend. This paper visits some issues concerning outsourcing in order to...

The accumulation of external assets via "capital flight" by private residents of many developing countries has been associated with the simultaneous existence of external indebtedness in these countries. This paper explores the complex association between capital flight and external debt from a...

In this paper, we examine the impact of institutional quality on foreign direct investment (FDI) and on the volatility of FDI. By utilizing data in a post Asian financial crisis context, we can examine whether the crisis has an immediate impact on retarding FDI. Based on our analysis of panel...