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dc.contributor.authorMuchai, Dianah Ngui
dc.contributor.authorMuchai, Joseph
dc.date.accessioned2022-05-23T09:28:54Z
dc.date.available2022-05-23T09:28:54Z
dc.date.issued2016
dc.identifier.citationMuchai, D. N., & Muchai, J. (2016). Fiscal policy and capital flight in Kenya. African Development Review, 28(S1), 8-21.en_US
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/23771
dc.descriptionA Research Article in the African Development Reviewen_US
dc.description.abstract: Capital flight has been an issue of concern for Africa because it reduces the continent’s much needed investible funds. In Kenya, the country lost US$ 4.9 billion in real terms from 1970 to 2010 through capital flight. This study seeks to provide fiscal evidence of capital flight in Kenya. The results establish that past capital flight, change in debt, and government expenditure have no significant impact on capital flight in Kenya. However, external debt, taxation, and expenditure practices under different political regimes have significant effects on capital flight. The study discusses policy implications emerging from the empirical results.en_US
dc.language.isoenen_US
dc.publisherBlackwell Publishingen_US
dc.subjectFiscal Policyen_US
dc.subjectCapital Flighten_US
dc.subjectKenyaen_US
dc.titleFiscal Policy and Capital Flight in Kenyaen_US
dc.typeArticleen_US


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