Determinants of capital flight in nigeria
Table Of Contents
Chapter ONE
INTRODUCTION
- 1.1Introduction
- 1.2Background of the Study
- 1.3Problem Statement
- 1.4Objective of the Study
- 1.5Limitation of the Study
- 1.6Scope of the Study
- 1.7Significance of the Study
- 1.8Structure of the Research
- 1.9Definition of Terms
Chapter TWO
LITERATURE REVIEW
- 2.1Overview of Capital Flight
- 2.2Historical Perspectives on Capital Flight
- 2.3Economic Theories Related to Capital Flight
- 2.4Impact of Capital Flight on Developing Economies
- 2.5Measurement and Detection of Capital Flight
- 2.6Factors Contributing to Capital Flight
- 2.7Policy Responses to Capital Flight
- 2.8Case Studies on Capital Flight
- 2.9Empirical Studies on Capital Flight
- 2.10Current Trends in Capital Flight
Chapter THREE
RESEARCH METHODOLOGY
- 3.1Research Design and Methodology
- 3.2Research Philosophy
- 3.3Research Approach
- 3.4Data Collection Methods
- 3.5Sampling Techniques
- 3.6Data Analysis Methods
- 3.7Ethical Considerations
- 3.8Limitations of the Research Methodology
Chapter FOUR
DATA PRESENTATION AND ANALYSIS
- 4.1Overview of Research Findings
- 4.2Analysis of Factors Influencing Capital Flight
- 4.3Impact of Capital Flight on the Economy
- 4.4Comparison with Existing Literature
- 4.5Policy Implications of Research Findings
- 4.6Recommendations for Addressing Capital Flight
- 4.7Case Studies Revisited
- 4.8Future Research Directions
Chapter FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
- 5.1Summary of Findings
- 5.2Conclusion
- 5.3Contribution to Knowledge
- 5.4Implications for Policy and Practice
- 5.5Recommendations for Future Research
Project Abstract
<p> The verity that capital formation is a key to economic development is incontrovertible. Yet capital scarcity is norm in most developing nations like Nigeria. With this in view, this study examines the determinants of capital flight in Nigeria. In executing this crucial study, annual time series data, between 1980 and 2014 is used and error correction model (ECM) is employed after Augmented Dickey Fuller (ADF) unit root tests as well Johansen cointegration analysis has been applied to the variables. In identifying the determinants of capital flight in Nigeria, the study employs the Residual method of measuring capital flight. Of the six variables modeled as the determinants of capital flight in Nigeria; exchange rate, real interest rate, external debt stock, economic openness and political instability are found to account for capital flight. Real gross domestic product is found not to be a significant determinant of capital flight in the country. The study recommends policy options aimed at abating capital flight as well as raising investment levels in the country. <br></p>
Project Overview
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</p><p><strong>Background to the Study</strong></p><p>According to (Ajilore, 2010) capital flight refers to any illicit movement of capital away from a domestic to a foreign economy. (Ndikumana and Boyce, 2002) also defined capital flight as residents’ capital outflows, excluding recorded investment abroad.(Schneider , 2003) defines it as that part of outflow of resident capital that is motivated by economic and political uncertainty. This implies that such political uncertainty will involve likely change of government or governmental policies as denoted by country instability and all forms of minor and major changes in the political circumstance of the country. According to (Noor et al,2015), the movement of capital from domestic to foreign economy could be normal or economically good if it is of capital export or foreign direct investment. These flows of capital abroad, which are subjected to regulation and do not endanger national economy, would foster economic growth of a nation. However, the illicit movement of capital away from domestic to foreign economy would worsen the capital scarcity problem especially in emerging economies; thus, contributing to economic contraction as well as collapse of the financial markets.</p>
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