Perez, M. Fabricio; Brada, Josef C.; Drabek, Zdenek - In: Journal of Comparative Economics 40 (2012) 1, pp. 108-126
estimate a model of FDI outflows in which illicit money flows influence the volume of FDI directed toward countries considered … FDI outflows and over 20% of FDI to money-laundering countries from our sample were made to facilitate illicit money flows. …