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dc.description.abstractUsing 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.titleFuite des capitaux, épargne et investissement en zone franc Africaine : une approche économétrique par les données de panelfr
dc.title.alternativeAfrican economic conference 2007 "Opportunities and challenges of development for african in the global arena :fr
dc.title.alternative15-17 November 2007, Addis Ababa, Ethiopiafr
ags.descriptionNotesSession B3.fr
ags.descriptionNotesIncludes bibliographical referencesfr
ags.publisherPlaceAddis Ababafr
ags.publisherNameUN. ECA,fr
dc.coverage.spatialAFR
dc.coverage.spatialAfrica
dc.coverage.spatialUnbist
dc.date.accessioned2011-10-24T13:16:46Z
dc.date.available2011-10-24T13:16:46Z
dc.date.issued2007
dc.identifier.urihttps://hdl.handle.net/10855/2746
dc.format.extent37 p.
dc.languagefre
dc.typeWorking paper
uneca.subject.fulltaxonomyUNBIS::ECONOMIC DEVELOPMENT AND DEVELOPMENT FINANCE::BANKING AND INVESTMENT::CAPITAL MOVEMENTS
uneca.subject.fulltaxonomyUNBIS::ECONOMIC DEVELOPMENT AND DEVELOPMENT FINANCE::BANKING AND INVESTMENT::INVESTMENT ANALYSIS
uneca.subject.fulltaxonomyUNBIS::ECONOMIC DEVELOPMENT AND DEVELOPMENT FINANCE::ECONOMIC THEORY::ECONOMETRIC MODELS
uneca.subject.fulltaxonomyUNBIS::ECONOMIC DEVELOPMENT AND DEVELOPMENT FINANCE::ECONOMIC THEORY::ECONOMETRICS
uneca.subject.fulltaxonomyUNBIS::DEVELOPPEMENT ECONOMIQUE ET FINANCEMENT DU DEVELOPPEMENT::OPERATIONS BANCAIRES ET INVESTISSEMENTS::MOUVEMENTS DE CAPITAUX
uneca.subject.fulltaxonomyUNBIS::DESARROLLO ECONOMICO Y FINANCIACION DEL DESARROLLO::OPERACIONES BANCARIAS E INVERSIONES::MOVIMIENTOS DE CAPITAL
uneca.subject.fulltaxonomyUNBIS::DEVELOPPEMENT ECONOMIQUE ET FINANCEMENT DU DEVELOPPEMENT::OPERATIONS BANCAIRES ET INVESTISSEMENTS::ANALYSE D'INVESTISSEMENTS
uneca.subject.fulltaxonomyUNBIS::DESARROLLO ECONOMICO Y FINANCIACION DEL DESARROLLO::OPERACIONES BANCARIAS E INVERSIONES::ANALISIS DE INVERSIONES
uneca.subject.fulltaxonomyUNBIS::DEVELOPPEMENT ECONOMIQUE ET FINANCEMENT DU DEVELOPPEMENT::THEORIE ECONOMIQUE::MODELES ECONOMETRIQUES
uneca.subject.fulltaxonomyUNBIS::DESARROLLO ECONOMICO Y FINANCIACION DEL DESARROLLO::TEORIA ECONOMICA::MODELOS ECONOMETRICOS
uneca.subject.fulltaxonomyUNBIS::DEVELOPPEMENT ECONOMIQUE ET FINANCEMENT DU DEVELOPPEMENT::THEORIE ECONOMIQUE::ECONOMETRIE
uneca.subject.fulltaxonomyUNBIS::DESARROLLO ECONOMICO Y FINANCIACION DEL DESARROLLO::TEORIA ECONOMICA::ECONOMETRIA
uneca.workflow.processedtrue
ags.creatorPersonalNdiaye, Ameth Saloum
ags.creatorCorporateNations Unies. Commission Economique pour l'Afrique
ags.creatorCorporateBanque Africaine de Dévelopment Groupe
ags.creatorConferenceAfrican Economic Conference 2007: Opportunities and Challenges of Development for Africa in the Global Arena (2007, nov. 15-17 : Addis Ababa, Ethiopia)
ags.subjectThesaurusCAPITAL MOVEMENTS
ags.subjectThesaurusINVESTMENT ANALYSIS
ags.subjectThesaurusECONOMETRIC MODELS
ags.subjectThesaurusECONOMETRICS
ags.subjectThesaurusMOUVEMENTS DE CAPITAUX
ags.subjectThesaurusMOVIMIENTOS DE CAPITAL
ags.subjectThesaurusANALYSE D'INVESTISSEMENTS
ags.subjectThesaurusANALISIS DE INVERSIONES
ags.subjectThesaurusMODELES ECONOMETRIQUES
ags.subjectThesaurusMODELOS ECONOMETRICOS
ags.subjectThesaurusECONOMETRIE
ags.subjectThesaurusECONOMETRIA
ags.subjectClassification02.08.00 Banks and Banking
ags.availabilityNumber21576
ags.availabilityNumber2007
ags.availabilityLocationECA-HQ
ags.rights.termsofusepublic
ags.JN21576
uneca.language.supportedfr


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