This paper investigates how indebtedness and capital flight have affected the growth of 14 West African countries directly, and via investment and fiscal balance mechanisms, using data from 1970 to 2008. This task was approached through a standard grow …

“This study provides measures of real capital flight from Nigeria based on the residual method adjusted for exchange rate fluctuations and trade misinvoicing. The portfolio choice approach is explored, in which the flow of capital is accumulated into s …