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Economic Growth and Financial Development

Effects of Capital Flight in Emerging Economies

  • Helps to understand the determinants of capital flight in emerging economies

  • Provides a critical analysis of the nexus between natural resources, financial development and capital flight

  • Presents a concept for the causes of capital flight from several theoretical and methodological perspectives

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Table of contents (13 chapters)

  1. Front Matter

    Pages i-xvi
  2. Financial Development and Natural Resource Rents–Human Capital Nexus: A New Approach

    • Mohammad Ali Aboutorabi, Farzaneh Ahmadian Yazdi, Saeideh Parkam
    Pages 33-55
  3. Is Finance–Growth Nexus Nonlinear? Evidence from Linear and Nonlinear Causality Analysis

    • Dinabandhu Sethi, Aviral Kumar Tiwari, Muhammad Shahbaz
    Pages 73-102
  4. Financial Liberalization, Economic Growth, and Capital Flight: The Case of Pakistan Economy

    • Ma Degong, Raza Ullah, Farid Ullah, Shahid Mehmood
    Pages 115-134
  5. Financial Liberalization, Capital Movements, and Economic Growth in Asia: A Panel Structural VAR Approach

    • Faik Bilgili, İbrahim DoÄŸan, Emrah Koçak, Sevda KuÅŸkaya
    Pages 135-153

About this book

This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies.

By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis.  Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.




Keywords

  • Financial liberalization
  • Financial system
  • Natural resources
  • Trade liberalization
  • Financial Crisis
  • Hyperinflation
  • Financial stability
  • Emerging markets
  • Below-investment level bonds
  • Interest rates
  • Direct investment
  • Portfolio investment

Editors and Affiliations

  • School of Management and Economics, Beijing Institute of Technology, Beijing, China

    Muhammad Shahbaz

  • Leeds Business School, Leeds Beckett University, Leeds, UK

    Alaa Soliman

  • Nottingham University Business School, University of Nottingham, Nottingham, UK

    Subhan Ullah

About the editors

Muhammad Shahbaz is a Professor of Economics at the Center for Energy and Environmental Policy Research at Beijing Institute of Technology (China). He is also a Visiting Research Fellow at the Department of Land Economy, University of Cambridge (United Kingdom). His research focuses on development economics, energy economics, environmental and tourism economics etc. He has widely published in peer-reviewed international journals.

Alaa Soliman is a Senior Lecturer in Economics at Leeds Beckett University (United Kingdom). He has more than two decades of teaching experience in the UK and has published several scholarly articles in the area of energy economics, monetary economics, financial economics, development economics and economic modelling. 


Subhan Ullah is an Associate Professor in Accounting at the University of Nottingham (United Kingdom). Over the past 15 years, he has taught courses in accounting as well as finance at the University of Hull (United Kingdom), Nottingham Trent University (United Kingdom), the University of Buckingham (United Kingdom), COMSATS University (Pakistan) and the University of Peshawar (Pakistan). His main research interests are in areas of corporate governance, corporate social responsibility, sustainability, accounting information quality and corporate finance. His research appears in leading International journals.



Bibliographic Information

Buy it now

Buying options

eBook USD 149.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 199.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 199.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access