@workingpaper{Asongu2013bn,
title = {Fighting African Capital Flight: Empirics on Benchmarking Policy Harmonization},
author = {Simplice A Asongu},
editor = {African 2013 Governance and Development Institute WP/13/006},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Fighting-African-Capital-Flight.-Empirics-on-Benchmarking-Policy-Harmonization.pdf},
year = {2013},
date = {2013-07-01},
abstract = {With earthshaking and heartbreaking trends in African capital flight provided by a new
database, this paper complements existing literature by answering some key policy questions on
the feasibility of and timeframe for policy harmonization in the battle against the economic
scourge. The goal of the paper is to study beta-convergence of capital flight across a set of 37
African countries in the period 1980-2010 and to discuss the policy implications. Three main
findings are established. (1) African countries with low capital flight rates are catching-up their
counterparts with higher rates, implying the feasibility of policy harmonization towards fighting
capital flight. (2) Petroleum-exporting and conflict-affected countries significantly play out in
absolute and conditional convergences respectively. (3) Regardless of fundamental
characteristics, a genuine timeframe for harmonizing policies is within a horizon of 6 to 13 years.
In other words, full (100%) convergence within the specified horizon is an indication that
policies and regulations can be enforced without distinction of nationality or locality.},
keywords = {Econometric modeling; Big push; Capital flight; Debt relief; Africa},
pubstate = {published},
tppubtype = {workingpaper}
}

@workingpaper{Asongu2013bx,
title = {Fighting African capital flight: timelines for the adoption of common policies},
author = {Simplice A Asongu},
editor = {African 2013 Governance and Development Institute WP/13/008},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Fighting-African-Capital-Flight.-Timelines-for-the-adoption-of-common-policies.pdf},
year = {2013},
date = {2013-01-01},
abstract = {This paper provides an exhaustive assessment of feasible horizons for policy
harmonization against African capital flight. The empirical evidence is based on a
methodological innovation on common policy initiatives and the results are premised on 15
fundamental characteristics of African capital flight based on income-levels, legal origins,
natural resources, political stability and religious domination. Based on the findings, a
genuine standard-setting timeframe is in the horizon of 6-13 years. Within the timeframe,
common policies are feasible and could be enforced without distinction of nationality or
locality in identified fundamental characteristics with full convergence.},
keywords = {Econometric modeling; Big push; Capital flight; Debt relief; Africa},
pubstate = {published},
tppubtype = {workingpaper}
}