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Empirical Investigation on the Illicit Financial Flows from Mena Region

Author

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  • lahlou, kamal
  • Mossadak, Anas

Abstract

This paper aims to define measure and identify the determinants of illicit financial flows from MENA region. Various indicators were used to evaluate the level of illicit financial flows and a panel data model was estimated on the basis of 160 observations covering 16 countries and 10 years (2000-2010). The results shown that the growth of GDP, the current account balance, corruption and public debt are the mean determinants of illicit financial outflows from MENA region.

Suggested Citation

  • lahlou, kamal & Mossadak, Anas, 2013. "Empirical Investigation on the Illicit Financial Flows from Mena Region," MPRA Paper 98020, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:98020
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    File URL: https://mpra.ub.uni-muenchen.de/98020/1/MPRA_paper_98020.pdf
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    References listed on IDEAS

    as
    1. Michael P. Dooley, 1988. "Capital Flight: A Response to Differences in Financial Risks," IMF Staff Papers, Palgrave Macmillan, vol. 35(3), pages 422-436, September.
    2. Lensink, Robert & Hermes, Niels & Murinde, Victor, 1998. "The Effect of Financial Liberalization on Capital Flight in African Economies," World Development, Elsevier, vol. 26(7), pages 1349-1368, July.
    3. J. K. Boyce & L. Ndikumana, 2001. "Is Africa a Net Creditor? New Estimates of Capital Flight from Severely Indebted Sub-Saharan African Countries, 1970-96," Journal of Development Studies, Taylor & Francis Journals, vol. 38(2), pages 27-56.
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    6. Jan Willem Gunning & Paul Collier, 1999. "Explaining African Economic Performance," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 64-111, March.
    7. Niels Hermes & Robert Lensink & Victor Murinde, 2002. "Flight Capital and its Reversal for Development Financing," WIDER Working Paper Series DP2002-99, World Institute for Development Economic Research (UNU-WIDER).
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    Cited by:

    1. Orkoh, Emmanuel & Claassen, Carike & Blaauw, Phillip Frederick, 2017. "Corruption, political stability and illicit financial outflows in Sub-Saharan Africa," MPRA Paper 89044, University Library of Munich, Germany.
    2. Mossadak, anas, 2018. "Illicit financial outflows from Africa: measurement and determinants," MPRA Paper 104620, University Library of Munich, Germany, revised 2018.

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    More about this item

    Keywords

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    JEL classification:

    • F38 - International Economics - - International Finance - - - International Financial Policy: Financial Transactions Tax; Capital Controls
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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