Capital Flight and Economic Development: The Experience of Cameroon

Vukenkeng Andrew Wujung
2016 Economics  
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
more » ... , a factor such as real interest rate was found to associate positively with economic development.
doi:10.11648/j.eco.20160505.11 fatcat:i6qnxwrunreizm5wns6mqqbdb4