Effective Political, Economic, and Cost Factors on Capital Flight in Selected Oil Countries

An important factor in economic development is the provision of sufficient capital for growth and development; which the various societies require to enter foreign capital and attract domestic capital, to provide it. This is while the developing and underdeveloped countries are facing a capital flight, which eliminate it, requires scientific and immersive studies to provide a solution. In this regard, the main objective of this study was to investigate the factors affecting capital flight in selected oil’s counties (Angola, Azerbaijan, Brazil, Colombia, Egypt, Indonesia, Iran, Kazakhstan, Mexico, Malaysia, Nigeria and Tunisia) during the years 1352 to 1392; That's for doing it, the effects of GDP growth, exchange rates, political stability, financial freedom and degree of openness of the economy, on capital flight were examined by usage of Fully Modified Ordinary Least Squares method. Results indicate that GDP growth. Results indicate that GDP growth and exchange rate effect positively and increase in political stability, financial freedom and openness had a negative effect on capital flight.