Capital flight and the uncertainty of government policies

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Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries (2002, background): “In a world of complete information and negligible transactions costs, the rates of return to capital would be expected to equalize across countries and markets, so that agents are indifferent between investing domestically and investing abroad.”
Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital (2013, unknown): “Hermes and Lensink (2001) document that policy uncertainty has a positive impact on the outflow of domestic capital.”
Uncertainty about Government Policy and Stock Prices (2012, background): “Hermes and Lensink (2001) show that uncertainty about budget deficits, tax payments, government consumption, and inflation is positively related to capital outflows at the country level.”
Political Uncertainty and IPO Activity: Evidence from U.S. Gubernatorial Elections (2017, background): “, 1996; Bloomberg and Hess, 2001), inflation (Drazen and Helpman, 1990), capital flows (Hermes and Lensink, 2001), welfare (Gomes, Kotlikoff and Viceira, 2008), stock market development (Perotti and Van Oijen, 2001; Roe and Siegel, 2011), and stock return volatility (Boutchkova et al.”
Political Uncertainty and Risk Premia (2013, unknown): “Hermes and Lensink (2001) show that uncertainty about budget deficits, tax payments, government consumption, and inflation is positively related to capital outflows at the country level.”