Illicit Financial Flows: Another Road Block to Human Development in Low- and Middle-Income Countries
| Autor: | Jesús Sanjuán, Antonio Casquero, Bienvenido Ortega |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Sociology and Political Science
05 social sciences Annual average General Social Sciences 050109 social psychology Human development (humanity) Arts and Humanities (miscellaneous) Low and middle income countries 0502 economics and business Developmental and Educational Psychology Economics Illicit financial flows 0501 psychology and cognitive sciences Demographic economics Human Development Index 050207 economics Total trade Quality of Life Research Panel data |
| Zdroj: | Social Indicators Research. 142:1231-1253 |
| ISSN: | 1573-0921 0303-8300 |
| DOI: | 10.1007/s11205-018-1942-z |
| Popis: | This article analysed the relationship between illicit financial flows (IFFs) and human development, as measured with the United Nations Human Development Index (HDI), using data for 56 low- and middle-income countries for the period 2002–2013. The main result was that, in the cluster of the most corrupt countries, the total effect of an annual 10% point increase in the ratio of IFFs to total trade would imply a 21.7 points decrease in the HDI level as a long-run effect. Although apparently small, this estimated long-run effect is three times greater than the annual average increase observed in the HDI over the period for the entire sample of countries. |
| Databáze: | OpenAIRE |
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