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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INFORMACIÓN
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2016/02/25
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS7578
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1
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1
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2016/02/25
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Disclosed
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Illicit activity and money laundering from an economic growth perspective : a model and an application to Colombia
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illicit activity