IDEAS home Printed from https://ideas.repec.org/a/wsi/serxxx/v69y2024i08ns0217590820500782.html
   My bibliography  Save this article

The Impact Of Intelligence On Economic And Financial Crime: A Cross-Country Study

Author

Listed:
  • MONICA VIOLETA ACHIM

    (Faculty of Economics and Business Administration, Babes-Bolyai University, No. 58-60, Teodor Mihali Street, 400591 Cluj-Napoca, Romania)

  • SORIN NICOLAE BORLEA

    (��Department of Economics, Faculty of Economics, Informatics and Engineering “Vasile Goldis†, Western University of Arad, No. 94, B-dul Revoluţiei, 310025 Arad, Romania‡Doctoral School of Economics, Faculty of Economics, University of Oradea, No. 1, Str. Universităţii, Bihor, 410087 Oradea, Romania)

  • VIORELA LIGIA VÄ‚IDEAN

    (Faculty of Economics and Business Administration, Babes-Bolyai University, No. 58-60, Teodor Mihali Street, 400591 Cluj-Napoca, Romania)

  • ALEXANDRA IOANA RUS

    (Faculty of Economics and Business Administration, Babes-Bolyai University, No. 58-60, Teodor Mihali Street, 400591 Cluj-Napoca, Romania)

  • FLORIN DOBRE

    (�Bucharest University of Economic Studies, No. 6, Piaţa Romană, Sector 1, 010374 Bucharest, Romania)

Abstract

The aim of this paper is to explore the relationship between intelligence and economic and financial crimes. For this purpose, we use a cross-sectional sample of 182 countries for the time span of 2012–2017. Our research provides empirical evidence on the existence of a significant impact of intelligence upon economic and financial crimes. When we analyze the entire sample, we find that intelligent people are more prone to comply with the law and thus increase the efficiency of implementing government policies to reduce economic and financial crimes. However, when we conduct our analysis among the two subgroups of high- and low-income countries, different results are obtained. For high-income countries, we obtain evidence of a positive coefficient for the impact of intelligence on economic and financial crimes, meaning that increased intellectual capacities of people from these countries, including high professional knowledge and skills, are used to break the traditional technology in order to get illegal benefits. Our results conducted for the low-income countries' subsample do not support intelligence as being a determining factor for economic and financial crimes; in these countries, other determinants are more important for engaging in such activities. Our study may have important implications for the policymakers who must acknowledge that various policies in the field of economic and financial crimes need to be differentially adopted depending on the level of development of each country, which offers different ways of involvement in such crimes, related to the level of people's intelligence.

Suggested Citation

  • Monica Violeta Achim & Sorin Nicolae Borlea & Viorela Ligia Vä‚Idean & Alexandra Ioana Rus & Florin Dobre, 2024. "The Impact Of Intelligence On Economic And Financial Crime: A Cross-Country Study," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 69(08), pages 2521-2554, December.
    • Handle: RePEc:wsi:serxxx:v:69:y:2024:i:08:n:s0217590820500782
    DOI: 10.1142/S0217590820500782
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0217590820500782
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0217590820500782?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Intelligence; economic and financial crime index; corruption; shadow economy; money laundering; high-income countries; low-income countries;
    All these keywords.

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:serxxx:v:69:y:2024:i:08:n:s0217590820500782. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ser/ser.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.