@workingpaper{Asongu2015bk,
title = {Addressing a Root Cause of Sub Saharan Africa’s Poverty Tragedy: Horizons for post-2015 Common Capital Flight Policies},
author = {Simplice A Asongu},
editor = {African 2015 Governance and Development Institute WP/15/048},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Addressing-a-Root-Cause-of-Sub-Saharan-Africa-s-Poverty-Tragedy.pdf},
year = {2015},
date = {2015-11-01},
abstract = {An April 2015 World Bank report on attainment of the Millennium Development Goal (MDG)
extreme poverty target has revealed that extreme poverty has been decreasing in all regions of
the world with the exception of sub-Saharan Africa (SSA), in spite of the sub-region enjoying
more than two decades of growth resurgence. This study builds on a critic of Piketty’s ‘capital
in the 21st century’ and recent methodological innovations on reverse Solow-Swan to review
empirics on the adoption of common policy initiatives against a cause of extreme poverty in
SSA: capital flight. The richness of the dataset enables the derivation of 14 fundamental
characteristics of African capital flight based on income-levels, legal origins, natural resources,
political stability, regional proximity and religious domination. The main finding reveals that
regardless of fundamental characteristic, from a projection date of 2010, a genuine timeframe for
harmonizing policies is between 2016 and 2023. In other words, the beginning of the psot-2015
agenda on sustainable development goals coincides with the timeframe for common capital flight
policies.},
keywords = {Econometric modeling; Capital flight; Poverty; Africa},
pubstate = {published},
tppubtype = {workingpaper}
}