Empirical Investigation on the Illicit Financial Flows from Mena Region

lahlou, kamal and Mossadak, Anas (2013): Empirical Investigation on the Illicit Financial Flows from Mena Region. Published in: British Journal of Social Sciences , Vol. 1, No. No. 9 (2013): pp. 1-11.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Illicit financial outflows, MENA region, Panel Data.
• Subjects: F - International Economics > F3 - International Finance > F38 - International Financial Policy: Financial Transactions Tax; Capital Controls; G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation; K - Law and Economics > K4 - Legal Procedure, the Legal System, and Illegal Behavior > K42 - Illegal Behavior and the Enforcement of Law

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