Corruption, terrorism and illicit financial flows related to extractive commodity trade in Africa

IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES
Simplice A. Asongu , Juste Somé
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引用次数: 0

Abstract

The purpose of this study is to assess the incidence of illicit financial flows (IFFs) on terrorism in Africa, contingent on corruption-control. The study utilizes data from 38 African counties spanning from 2002 to 2021. In order to increase room for policy implications, the overall IFFs measure is decomposed into two main sub-components, namely: illicit financial inflows and illicit financial outflows. The empirical evidence is also based on: (i) baseline regressions, (ii) estimations with the lagged independent variables in order to control for the simultaneity dimension of endogeneity, as well as (iii) GMM in order to account for both the simultaneity and unobserved heterogeneity dimensions of endogeneity. The robustness of the empirical analysis is further improved by limiting the sample to the Sahel countries in which most of the terrorism has been documented over the past decades. It is apparent from the findings that corruption-control effectively moderates IFFs, especially illicit financial inflows, in order to engender an overall negative effect on the outcome variable or terrorism. For the most part, the corruption-control policy thresholds are within policy range. Policy implications are discussed.
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来源期刊
Resources Policy
Resources Policy ENVIRONMENTAL STUDIES-
CiteScore
13.40
自引率
23.50%
发文量
602
审稿时长
69 days
期刊介绍: Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.
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