Illicit Financial Flows and Financing of Basic Social Services: A Comparative Study of Opportunity Cost Between CAEMC and WAEMU Zone

François Colin Bouhem () and Daniel Gbetnkom ()
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François Colin Bouhem: University of Dschang, LAREA-University of Yaounde II
Daniel Gbetnkom: LAREA-University of Yaounde II

A chapter in Financing Africa’s Development, 2020, pp 179-190 from Springer

Abstract: Abstract This study aims to compare the opportunity cost of illicit financial flows in terms of financing basic social services in CAEMC and WAEMU zone. For this, we use the ICOR simulation method based on the Harrod and Domar model and recently applied by Nkurunziza (2015) and Moulemvo (African Economic Review 28:113–123, 2016). The results of these simulations show that based on the calculated ICOR coefficient, we estimate the loss of GDP in CAEMC at 18 billion USD and that of WAEMU at 13 billion USD. This loss of GDP in the victim countries would make it possible to allocate additional resources for public social spending.

Keywords: Basic social services; CAEMC; ICOR; Illicit financial flows; WAEMU (search for similar items in EconPapers)
JEL-codes: C67 F21 H26 O11 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:aaechp:978-3-030-46482-0_10

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DOI: 10.1007/978-3-030-46482-0_10

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