Perez, M. Fabricio; Brada, Josef C.; Drabek, Zdenek - In: Journal of Comparative Economics 40 (2012) 1, pp. 108-126
We examine the role of FDI in facilitating money laundering and illegal capital flight, focusing on transition economies’ FDI outflows because they largely reflect current investment decisions rather than the inertia of past decisions. We estimate a model of FDI outflows in which illicit money...
