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Empirical Investigation on the Illicit Financial Flows from Mena Region

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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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    References listed on IDEAS

    as
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    7. 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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    Full references (including those not matched with items on IDEAS)

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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

    Illicit financial outflows; MENA region; Panel Data.;
    All these keywords.

    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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