Illicit activity and money laundering from an economic growth perspective : a model and an application to Colombia (English)

This paper contributes to the economic analysis of illicit activities and money laundering. First, it presents a theoretical model of long-run growth that explicitly considers illicit workers, activities, and income, alongside a licit private sector and a functioning government. Second, it generates estimates of the size of illicit income and provides simulated and econometric estimates of the volume of laundered assets in the Colombian economy. In...

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Author

Villa,Edgar;

Misas,Martha A.;

Loayza,Norman V.;
Document Date
2016/02/25
Document Type
Policy Research Working Paper
Report Number
WPS7578
Volume No
1
Total Volume(s)
1
Country
Colombia,
Region
Latin America And Caribbean,
Disclosure Date
2016/02/25
Disclosure Status
Disclosed
Doc Name
Illicit activity and money laundering from an economic growth perspective : a model and an application to Colombia
Keywords
illicit activity

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Citation

Villa,Edgar; Misas,Martha A.; Loayza,Norman V..

Illicit activity and money laundering from an economic growth perspective : a model and an application to Colombia (English). Policy Research working paper|no. WPS 7578 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/696421467996735910

Illicit activity and money laundering from an economic growth perspective : a model and an application to Colombia (English)

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