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Unpacking the Routes of Misinvoicing in International Trade
出版United Nations University World Institute for Development Economics Research, 2022
ISBN92926728949789292672898
URLhttp://books.google.com.hk/books?id=_GSVzwEACAAJ&hl=&source=gbs_api
註釋We study whether misinvoicing in international trade is reflected in cross-border bank accounts as reported by offshore financial centres. We show that residents hold more offshore wealth when local misinvoicing practices thrive, especially for under-invoiced exports of natural resources. These results are driven by less-developed countries, autocracies, and resource-rich countries, which typically lack institutional capacity and/or political willingness to deter capital flight and misinvoicing practices. All our results are consistent with rent-seeking behaviour by local elites, and we provide corroborative evidence to support this claim.