Books, Working Papers and Book Chapters

Ndikumana, L. and J.K. Boyce (2011). Africa's Odious Debt: How Foreign Loans and Capital Flight Bled a Continent. London: Zed Books.

Ndikumana, L. and J.K. Boyce (2011). “Capital Flight from Sub-Saharan Africa: Linkages with External Borrowing and Policy Options”, International Review of Applied Economics 25(2) 149-170. 

Ndikumana, L. and J.K. Boyce (2010). “Measurement of Capital Flight: Methodology and Results for Sub-Saharan African Countries.” African Development Review 22 (4), 471-481.

Boyce, J.K. and L. Ndikumana (2010).“Africa’s Revolving Door: External Borrowing and Capital Flight in Sub-Saharan Africa,” in Vishnu Padayachee (ed.), Political Economy of Africa. 

Fofack, H. and L. Ndikumana (2010). “Capital Flight Repatriation: Investigation of its Potential Gains for Sub-Saharan African Countries.” African Development Review 22 (1), 4-22. 

Ndikumana, L. (2009). “Capital Flight” in Kenneth Reinert and Ramkishen Rajan (eds.) The Princeton Encyclopedia of the World Economy.  

Boyce, J.K. and L. Ndikumana (2005). “Africa's debt: Who owes whom?” in Gerald Epstein (ed.). Capital Flight and Capital Controls in Developing Countries. Edward Elgar Press, pp. 334-340.

Ndikumana, L. and J.K. Boyce (2003). “Public debts and public assets: Explaining capital flight from sub-Saharan African countries.” World Development, 31(1), 107-130.

Ndikumana, L. and J.K. Boyce (2001). “Is Africa a net creditor?  New estimates of capital flight from severely indebted sub-Saharan African countries, 1970-1996,” Journal of Development Studies, 38(2), 27-56.

Ndikumana, L. and J.K. Boyce (1998). “Congo’s odious debt: External borrowing and capital flight in Zaire,” co-authored with James K. Boyce, Development and Change 29 (2), 195-217.

Commentary

How Capital Flight Drains Africa: Stolen Money and Lost Lives

October 2011 -- Read James Boyce's TripleCrisis blog on the human cost of capital flight from Africa.

>> Download "How Capital Flight Drains Africa: Stolen Money and Lost Lives"

Tax Havens or Financial Sinkholes?

April 2011 -- In James K. Boyce's column for TripleCrisis, he looks at the fallout from corporate tax dodging on more than tax revenues .

>> Download "Tax Havens or Financial Sinkholes?"

Data and Methodology 

>> Download a detailed algorithm for computing capital flight

>> Download capital flight time series data

>> Download data on components of capital flight (forthcoming)