Analysing the Effects of Illicit Financial Flows on Sustainable Development

An Insight from Sub-Saharan Africa

Bibliographic Data

ID21475366
AuthorsOlumide Olusegun Olaoye (0000-0002-0988-6499, Thomas Adewumi University, corresponding author), Mosab I Tabash (0000-0003-3688-7224, Al Ain University), Mamdouh Abdulaziz Saleh Al-Faryan (0000-0003-1665-807X, The Saudi Economic Association), Mamdouh Abdulaziz Saleh Al-Farayan (Saudi Heart Association), Samrat Ray (0000-0001-5919-3634, Peter the Great Saint, Petersburg Polytechnic University)
Year2025
Volume48
Issue16
Pages1087-1100
Publication date2025-12-10
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueInternational Journal of Public Administration (JOURNAL)
Journal identifiersISSN: 0190-0692 • E-ISSN: 1532-4265
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/01900692.2024.2449058
OpenAlexW4406860100
LanguageEN
Citations received2
References cited37

The study investigates the effects of illicit financial flows (IFFs) on sustainable development in sub-Saharan Africa. The study adopts the methods of analysis of the GMM, Driscoll, and Kraay covariance estimator systems. The study found that IFFs negatively impact sustainable development in SSA. The study also reveals two main channels of IFFs in SSA. On the macroeconomic side, we found that the financial sector and the shadow economy are the main channels of IFFs in SSA. On the institutional side, government quality is the main channel of IFFs. The research and policy implications are discussed

Business · Economic growth · Economics · Environmental planning · Financial system · Geography · Political science · Sustainable development · Corruption and Economic Development · Economic Growth and Development · Natural Resources and Economic Development · Finance

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