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Capital Flight from North African Countries
PERI Working Papers (2012)
  • Léonce Ndikumana
  • James K Boyce, University of Massachusetts - Amherst

Ndikumana and Boyce demonstrate that, while the countries of North Africa have achieved high levels of development relative to their sister nations south of the Sahara, they too have suffered from financial hemorrhages through capital flight. The burden on their economies is substantial in terms of lost investment and foregone government revenue, with adverse effects on economic growth and social service delivery. The authors provide estimates of the total amount of capital flight from four North African countries: Algeria, Egypt, Morocco and Tunisia, from 1970 to 2010.

Publication Date
October 11, 2012
Citation Information
Léonce Ndikumana and James K Boyce. "Capital Flight from North African Countries" PERI Working Papers (2012)
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