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Mr. Wilson Odhiambo

In: Business and Management

Submitted By Wisionn
Words 3166
Pages 13
MOI UNIVERSITY
DEPARTMENT OF BANKING AND FINANCE
MBF 815: TERM PAPER

TOPIC
RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND CAPITAL FLIGHT IN KENYA (1970-2008)

BY
WILSON ODHIAMBO
MU/MBF/015/12
GRACE NJOROGE
MU/MBF/012/12
ALICE MAINA
MU/MBF/041/12

LECTURER
DR. NYAMONGO

This research paper is submitted in partial fulfilment of the award of masters degree of Banking and Finance, Moi University
OUTLINE

1. ABSTRACT……………………………………………………………………………..3

2. INTRODUCTION………………………………………………………………………4

i) BACKGROUND OF STUDY…………………………………………………..4

3. PROBLEM STATEMENT..………………………………………………..…………...5

4. OBJECTIVE OF STUDY…...…………………………………………….………..…..6

5. HYPOTHESIS TESTED……………………………………………………………….6

6. LITERATURE REVIEW………………………………………………………………7

7. RESEARCH METHODOLOGY…………..…………………………………………..8

8. EMPERICAL RESULTS……………………………………………………………....9

9. CONCLUSION AND RECOMMENDATIONS….………………..………………...12

10. BIBLOGRAPHY……………………………………………………………….…….13

11. APPENDIX…………………………………………………………………….……..14

ABSTRACT
In this paper we investigate the role of Foreign Direct Investment on Capital Flight. We use data from the World Bank on African Development indicators; Kenya 1970:2008. We use econometric technique in our analysis. Our literature survey reveal that key factors that explain capital flight are; net foreign direct investment, current account deficit, change in official reserve, and external debt. We expect our main findings to findings to be as follows: (i) Net foreign direct investment to have a positive effect on capital flight, (ii) Change in eternal debt to have a positive effect on the capital flight, (iii) current account deficit to have a negative effect on the capital flight, (iv) Change in official reserve to have a negative effect on the capital flight.

Keywords: Economic growth; capital

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