Foreign direct investment, anti-money laundering regulations and economic growth

被引：10

作者：

Ofoeda, Isaac ^{[1
]}

Agbloyor, Elikplimi Komla ^{[2
]}

Abor, Joshua Yindenaba ^{[2
]}

Achampong, Kofi Osei ^{[2
]}

机构：

[1] Univ Profess Studies, Accra, Ghana

[2] Univ Ghana, Business Sch, Box LG 149, Accra, Ghana

来源：

JOURNAL OF INTERNATIONAL DEVELOPMENT | 2022年 / 34卷 / 03期

关键词：

anti-money laundering regulations; economic growth; foreign direct investment; threshold analysis; FINANCIAL DEVELOPMENT; DEVELOPING-COUNTRIES; FDI; IMPACT; AFRICA; TRADE; MODEL;

D O I：

10.1002/jid.3582

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This study seeks to establish the impact of anti-money laundering (AML) regulations on economic growth as well as how AML regulations influence the foreign direct investment (FDI)-growth nexus for 165 economies across the globe. We employ Prais-Winsten and the Hansen (2000) panel threshold regression estimation techniques to test the hypotheses of the study. We use data ranging from 2012 to 2018. We provide evidence that AML regulations generally stimulate growth; however, AML regulations only stimulate growth below the threshold value. Again, although we report that FDI stimulates growth, the growth-enhancing impact of FDI is more pronounced at higher levels of AML regulations.

引用

收藏

页码：670 / 692

页数：23

相关论文

共 74 条

[1] The impact of Jordanian anti-money laundering laws on banks [J].

Abu Olaim, Ahmad Mohammad Abdalla ;

Rahman, Aspalella A. .

JOURNAL OF MONEY LAUNDERING CONTROL, 2016, 19 (01) :70-78

[2] Foreign direct investment, regulations and growth in sub-Saharan Africa [J].

Adams, Samuel ;

Opoku, Eric Evans Osei .

ECONOMIC ANALYSIS AND POLICY, 2015, 47 :48-56

[3] FDI and Economic Activity in Africa: The Role of Local Financial Markets [J].

Adjasi, Charles. K. D. ;

Abor, Joshua ;

Osei, Kofi A. ;

Nyavor-Foli, Ernestine E. .

THUNDERBIRD INTERNATIONAL BUSINESS REVIEW, 2012, 54 (04) :429-439

[4] Foreign Direct Investment, Political Business Cycles and Welfare in Africa [J].

Agbloyor, Elikplimi Komla .

JOURNAL OF INTERNATIONAL DEVELOPMENT, 2019, 31 (05) :345-373

[5] Foreign Direct Investment and Economic Growth in SSA: The Role of Institutions [J].

Agbloyor, Elikplimi Komla ;

Gyeke-Dako, Agyapomaa ;

Kuipo, Ransome ;

Abor, Joshua Yindenaba .

THUNDERBIRD INTERNATIONAL BUSINESS REVIEW, 2016, 58 (05) :479-497

[6] Private capital flows and economic growth in Africa: The role of domestic financial markets [J].

Agbloyor, Elikplimi Komla ;

Abor, Joshua Yindenaba ;

Adjasi, Charles Komla Delali ;

Yawson, Alfred .

JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY, 2014, 30 :137-152

[7] Central bank independence, elections and fiscal policy in Africa: Examining the moderating role of political institutions [J].

Agoba, Abel Mawuko ;

Abor, Joshua Yindenaba ;

Osei, Kofi ;

Sa-Aadu, Jarjisu ;

Amoah, Benjamin ;

Dzeha, Gloria Clarissa Odortor .

INTERNATIONAL JOURNAL OF EMERGING MARKETS, 2019, 14 (05) :809-830

[8] Foreign Direct Investment, Institutional Quality, and Financial Development along the Belt and Road: An Empirical Investigation [J].

Aibai, Abuduwali ;

Huang, Xianjing ;

Luo, Yu ;

Peng, Yuchao .

EMERGING MARKETS FINANCE AND TRADE, 2019, 55 (14) :3275-3294

[9] Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010 [J].

Aizenman, Joshua ;

Jinjarak, Yothin ;

Park, Donghyun .

OPEN ECONOMIES REVIEW, 2013, 24 (03) :371-396

[10] Can financial inclusion reduce the presence of corruption? Evidence from selected countries in Africa [J].

Ajide, Folorunsho M. .

INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS, 2020, 47 (11) :1345-1362

← 1 2 3 4 5 6 7 8 →