12/30/2023 0 Comments Cepii geodist variablesThe full dataset of bilateral anomalies resulting from our work is freely available for further research. geodist can be installed by running install. ZIGNAGO (2011): Notes on CEPIIs distances measures: The GeoDist. The test requires that the five right-hand side variables be exogenous or. Our results show: i) the difference between the estimates from theoretically-underpinned gravity models of investments and real data can be used to assess anomalous flows that transit through official channels ii) non-compliance with international transparency standards affects the probability of observing anomalous flows in global financial data iii) a global map of illicit/anomalous flows can be derived from official statistics iv) flipping the narrative on “risky countries” to “risky bilateral links” allows to better investigate push and pull factors of anomalous flows v) the state of offshore secrecy is not a stronger determinant of anomalous flow than onshore secrecy. The package provides data on countries and their main city or agglomeration and the different distance measures and dummy variables indicating whether two countries are contiguous, share a common language or a colonial relationship. Finally, all standard gravity variables including distance, contiguous borders, common language, and colonial ties are from the CEPII GeoDist database. Figure A.2: Cross-sectional distribution of key firm variables. We contribute i) exploiting the theory of portfolio investments to empirically derive a global picture of anomalous money flows over time ii) correlating these anomalies with the degree of compliance with international transparency standards of 85 origin and 214 destination countries over the period 2000–2015. bilateral trade costs variables from the CEPII GeoDist database (Mayer and. It lacks reliable data as well as solid theoretical underpinnings. The other major explanatory variable is the country-industry interaction of. The applied literature on money laundering and financial crime uses ad-hoc gravity equations as a workable empirical strategy to estimate illicit (dirty) money flows. Moreover, from the GEODIST database of the French Institute for Research in the field of international economics (CEPII) we selected the distance variable.
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