dc.description.abstract | Using an annual panel data approach for a sample of 12 African countries in the franc zone in the period 1970 to 2003, this paper explores this research question on the basis of econometric estimation techniques by Blundell and Bond (1998) system GMM. The econometric analysis reveals that capital flight affects negatively and significantly domestic investment. Our results indicate also a positive and highly significant effect of past investment on current investment in this zone, suggesting a high degree of persistence of usual investment behaviors. We estimate that for every dollar invested in the franc zone, roughly 83 cents contribute to increase current investment. Moreover we find that this domestic investment is positively and significantly related to the growth rate of real GDP and to the change in credit to private sector. This paper examines the implications of these results and proposes some policy measures to stem continued capital flight induce capital flight reversal and stimulate domestic investment. | fr |
dc.title | Fuite des capitaux, épargne et investissement en zone franc Africaine : une approche économétrique par les données de panel | fr |
dc.title.alternative | African economic conference 2007 "Opportunities and challenges of development for african in the global arena : | fr |
dc.title.alternative | 15-17 November 2007, Addis Ababa, Ethiopia | fr |
ags.descriptionNotes | Session B3. | fr |
ags.descriptionNotes | Includes bibliographical references | fr |
ags.publisherPlace | Addis Ababa | fr |
ags.publisherName | UN. ECA, | fr |
dc.coverage.spatial | AFR | |
dc.coverage.spatial | Africa | |
dc.coverage.spatial | Unbist | |
dc.date.accessioned | 2011-10-24T13:16:46Z | |
dc.date.available | 2011-10-24T13:16:46Z | |
dc.date.issued | 2007 | |
dc.identifier.uri | https://hdl.handle.net/10855/2746 | |
dc.format.extent | 37 p. | |
dc.language | fre | |
dc.type | Working paper | |
uneca.subject.fulltaxonomy | UNBIS::ECONOMIC DEVELOPMENT AND DEVELOPMENT FINANCE::BANKING AND INVESTMENT::CAPITAL MOVEMENTS | |
uneca.subject.fulltaxonomy | UNBIS::ECONOMIC DEVELOPMENT AND DEVELOPMENT FINANCE::BANKING AND INVESTMENT::INVESTMENT ANALYSIS | |
uneca.subject.fulltaxonomy | UNBIS::ECONOMIC DEVELOPMENT AND DEVELOPMENT FINANCE::ECONOMIC THEORY::ECONOMETRIC MODELS | |
uneca.subject.fulltaxonomy | UNBIS::ECONOMIC DEVELOPMENT AND DEVELOPMENT FINANCE::ECONOMIC THEORY::ECONOMETRICS | |
uneca.subject.fulltaxonomy | UNBIS::DEVELOPPEMENT ECONOMIQUE ET FINANCEMENT DU DEVELOPPEMENT::OPERATIONS BANCAIRES ET INVESTISSEMENTS::MOUVEMENTS DE CAPITAUX | |
uneca.subject.fulltaxonomy | UNBIS::DESARROLLO ECONOMICO Y FINANCIACION DEL DESARROLLO::OPERACIONES BANCARIAS E INVERSIONES::MOVIMIENTOS DE CAPITAL | |
uneca.subject.fulltaxonomy | UNBIS::DEVELOPPEMENT ECONOMIQUE ET FINANCEMENT DU DEVELOPPEMENT::OPERATIONS BANCAIRES ET INVESTISSEMENTS::ANALYSE D'INVESTISSEMENTS | |
uneca.subject.fulltaxonomy | UNBIS::DESARROLLO ECONOMICO Y FINANCIACION DEL DESARROLLO::OPERACIONES BANCARIAS E INVERSIONES::ANALISIS DE INVERSIONES | |
uneca.subject.fulltaxonomy | UNBIS::DEVELOPPEMENT ECONOMIQUE ET FINANCEMENT DU DEVELOPPEMENT::THEORIE ECONOMIQUE::MODELES ECONOMETRIQUES | |
uneca.subject.fulltaxonomy | UNBIS::DESARROLLO ECONOMICO Y FINANCIACION DEL DESARROLLO::TEORIA ECONOMICA::MODELOS ECONOMETRICOS | |
uneca.subject.fulltaxonomy | UNBIS::DEVELOPPEMENT ECONOMIQUE ET FINANCEMENT DU DEVELOPPEMENT::THEORIE ECONOMIQUE::ECONOMETRIE | |
uneca.subject.fulltaxonomy | UNBIS::DESARROLLO ECONOMICO Y FINANCIACION DEL DESARROLLO::TEORIA ECONOMICA::ECONOMETRIA | |
uneca.workflow.processed | true | |
ags.creatorPersonal | Ndiaye, Ameth Saloum | |
ags.creatorCorporate | Nations Unies. Commission Economique pour l'Afrique | |
ags.creatorCorporate | Banque Africaine de Dévelopment Groupe | |
ags.creatorConference | African Economic Conference 2007: Opportunities and Challenges of Development for Africa in the Global Arena (2007, nov. 15-17 : Addis Ababa, Ethiopia) | |
ags.subjectThesaurus | CAPITAL MOVEMENTS | |
ags.subjectThesaurus | INVESTMENT ANALYSIS | |
ags.subjectThesaurus | ECONOMETRIC MODELS | |
ags.subjectThesaurus | ECONOMETRICS | |
ags.subjectThesaurus | MOUVEMENTS DE CAPITAUX | |
ags.subjectThesaurus | MOVIMIENTOS DE CAPITAL | |
ags.subjectThesaurus | ANALYSE D'INVESTISSEMENTS | |
ags.subjectThesaurus | ANALISIS DE INVERSIONES | |
ags.subjectThesaurus | MODELES ECONOMETRIQUES | |
ags.subjectThesaurus | MODELOS ECONOMETRICOS | |
ags.subjectThesaurus | ECONOMETRIE | |
ags.subjectThesaurus | ECONOMETRIA | |
ags.subjectClassification | 02.08.00 Banks and Banking | |
ags.availabilityNumber | 21576 | |
ags.availabilityNumber | 2007 | |
ags.availabilityLocation | ECA-HQ | |
ags.rights.termsofuse | public | |
ags.JN | 21576 | |
uneca.language.supported | fr | |