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Introduction

Capital flight is a major concern for developing countries, as it has serious implications for their economic growth and stability. The phenomenon of capital flight involves the movement of financial capital out of a country in ways that are not transparent or properly accounted for. This can take various forms, such as tax evasion, money laundering, or illicit financial flows. Capital flight can have detrimental effects on a country’s economy, leading to reduced investment, decreased tax revenue, and a loss of confidence in the financial system.

The determinants of capital flight in developing countries are complex and multifaceted. Factors such as political instability, lack of transparency and accountability, weak regulatory frameworks, and economic crises can all contribute to capital flight. Understanding the root causes of capital flight is essential for policymakers to develop effective strategies to prevent and mitigate its impacts.

This thesis aims to investigate the determinants of capital flight in developing countries, with a focus on identifying the key factors that drive capital flight and exploring potential policy solutions to address this issue. By examining the various factors that contribute to capital flight, this study seeks to provide insights that can help policymakers and researchers better understand and tackle this problem.

Table of Contents

Chapter 1: Introduction
1.1 Introduction
1.2 Background of study
1.3 Problem Statement
1.4 Objective of study
1.5 Limitation of study
1.6 Scope of study
1.7 Significance of study
1.8 Structure of the Thesis
1.9 Definition of terms

Chapter 2: Literature Review
2.1 Definition and concept of capital flight
2.2 Theories of capital flight
2.3 Empirical studies on capital flight
2.4 Factors driving capital flight
2.5 Impact of capital flight on developing countries
2.6 Policy responses to capital flight
2.7 Measurement of capital flight
2.8 Empirical evidence on determinants of capital flight
2.9 Case studies on capital flight in developing countries
2.10 Summary of literature review

Chapter 3: Research Methodology
3.1 Research design
3.2 Data collection methods
3.3 Data analysis techniques
3.4 Sampling methods
3.5 Variables and measures
3.6 Hypotheses
3.7 Model specification
3.8 Limitations of research methodology

Chapter 4: Discussion of Findings
4.1 Descriptive statistics
4.2 Regression analysis results
4.3 Interpretation of findings
4.4 Comparison with existing literature
4.5 Implications for policy and practice
4.6 Future research directions

Chapter 5: Conclusion and Summary
5.1 Summary of findings
5.2 Conclusion
5.3 Policy recommendations
5.4 Contributions to the field
5.5 Limitations of the study
5.6 Directions for future research

Overall, this thesis will provide a comprehensive analysis of the determinants of capital flight in developing countries, shedding light on the various factors that drive this phenomenon and offering insights for policymakers to address this critical issue.

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