Nitsch, Volker
:
Trillion Dollar Estimate: Illicit Financial Flows from Developing Countries.
In: Darmstadt Discussion Papers in Economics, 227.
Darmstadt
[Report], (2015)
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| Item Type: | Report |
|---|---|
| Title: | Trillion Dollar Estimate: Illicit Financial Flows from Developing Countries |
| Language: | English |
| Abstract: | Recent estimates suggest that developing countries lose about 1 trillion US dollars each year due to illicit financial flows. This paper reviews the empirical methodology that underlies those estimates. Various critical aspects of the analytical approach are highlighted, focusing in particular on deficiencies in the use of mirror trade statistics to quantify the extent of capital outflows due to trade misinvoicing. Serious issues in the empirical analysis include, among others, arbitrary assumptions, mixed methodologies and skewed sampling. As a result, it is argued that the quantitative results obtained from those exercises have no substantive meaning. The trillion-dollar estimate of illicit financial flows from developing countries, therefore, lacks evidence and is uncorroborated. |
| Series Name: | Darmstadt Discussion Papers in Economics |
| Volume: | 227 |
| Place of Publication: | Darmstadt |
| Uncontrolled Keywords: | misinvoicing, mispricing, capital flight |
| Classification DDC: | 300 Sozialwissenschaften > 330 Wirtschaft |
| Divisions: | 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > International Economics |
| Date Deposited: | 28 Apr 2016 11:53 |
| Last Modified: | 28 Apr 2016 13:27 |
| URN: | urn:nbn:de:tuda-tuprints-54379 |
| Additional Information: | JEL Code: F14; F38 |
| URI: | https://tuprints.ulb.tu-darmstadt.de/id/eprint/5437 |
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