Capital flight and external debt in Tanzania: an empirical investigation.

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dc.contributor.authorNgasamiaku, Wilhelm Michael
dc.date.accessioned2019-06-03T14:57:17Z
dc.date.accessioned2020-01-07T15:53:11Z
dc.date.available2019-06-03T14:57:17Z
dc.date.available2020-01-07T15:53:11Z
dc.date.issued2003
dc.descriptionAvailable in print formen_US
dc.description.abstractThis study examines the relationship between capital flight and external debt in Tanzania. It looks into the determinates of capital flight and assesses their long run impact using time series data covering the period 1970 to 2000. In pursuit of these objectives the study employs VAR methodology within the Johansen Maximum Likelihood framework. The study argues that external debt, budget deficit, interest rate differential and GDP growth are the major factors that influence capital flight. In addition, the Granger causality test reveals the existence of bi-directional causality among some of variables as well. The study suggests a way forward which includes among other things, ensuring stable macroeconomic environment. In particular, sound fiscal and monetary policies, sustainable debt and strong and stable economic growth are of paramount importance in halting the reverse capital flow.en_US
dc.identifier.citationNgasamiaku, W. M. (2003). Capital flight and external debt in Tanzania: an empirical investigation. Masters dissertation, University of Dar es Salaam. Available at (http://41.86.178.3/internetserver3.1.2/detail.aspx?parentpriref=)en_US
dc.identifier.urihttp://localhost:8080/xmlui/handle/123456789/2121
dc.language.isoenen_US
dc.publisherUniversity of Dar es Salaamen_US
dc.subjectCapital movementen_US
dc.subjectDebtsen_US
dc.subjectExternal debtsen_US
dc.subjectTanzaniaen_US
dc.titleCapital flight and external debt in Tanzania: an empirical investigation.en_US
dc.typeThesisen_US

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