Paper No. RP_237 | By Jonathan Adongo | August 2011 | EnglishThis paper identifies the determinants of venture capital activity using a cross-sectional data set covering 36 African countries in a semi-logarithmic model. It finds that rule of law, R&D expenditure as a percentage of GDP and better information between investors and potential investees are positively and significantly related to venture capital activity in Africa. It also finds that capital gains tax rates are negatively and significantly related to venture capital activity on the continent.
This edited collection provides the most comprehensive analysis of capital flight from Africa, covering economic and institutional aspects, as..
Collected in this book are framework papers prepared for the collaborative research project on Institutions and Service Delivery in Africa..
This volume is drawn from final research papers developed under the auspices and support of the Thematic Research Programme of the African ..
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