Fluxos financeiros ilícitos no setor de recursos naturais de Moçambique: O efeito de fatores macroeconômicos

Autores

DOI:

https://doi.org/10.33448/rsd-v11i11.33409

Palavras-chave:

Fluxos financeiros ilícitos; Fatores macroeconômicos; Sector de recursos naturais de Moçambique.

Resumo

O estudo investiga os fluxos financeiros ilícitos do sector dos recursos naturais em Moçambique com um foco particular no efeito dos factores macroeconómicos. Com base em dados de séries temporais trimestrais (2008Q1-2019Q4), o estudo adotou o procedimento de estimação ARDL e um teste de causalidade de Granger para fins de análise. Os resultados revelaram que a taxa de câmbio real e o déficit orçamentário do governo têm um efeito significativo e positivo sobre os fluxos financeiros ilícitos do setor de recursos naturais no longo prazo. No entanto, a inflação de curto prazo assim como o déficit orçamentário do governo e dívida externa influenciaram o movimento dos fluxos financeiros ilícitos do setor de recursos naturais em Moçambique. Além disso, os resultados de causalidade de Granger revelaram um efeito bidirecional entre saídas financeiras ilícitas e dívida externa, e entre controle da corrupção e saídas financeiras ilícitas.

Referências

Anetor, F. O. (2019). Macroeconomic determinants of capital flight: evidence from the Sub-Saharan African countries. International Journal of Management, Economics and Social Sciences (IJMESS), 8(1), 40-57.

Boyce, J. K. (1992). The revolving door? External debt and capital flight: A Philippine case study. World Development, 20(3):335-349.

CIP – (Centro de Integridade Pública Moçambique) and CMI – (Chr. Michelsen Institute) (2016). Os Custos da Corrupção para a Economia Moçambicana: Por quê é que é importante combater a corrupção num clima de fragilidade fiscal.

Collier, P., Hoeffler, A., & Pattillo, C. (2001). Flight capital as a portfolio choice. The World Bank Economic Review, 15(1), 55-80.

Combes, J. L., Minea, A., & Sawadogo, P. N. (2019). Assessing the effects of combating illicit financial flows on domestic tax revenue mobilization in developing countries. Journal of Humanities and Social Sciences / Economics and Finance

Dooley, M. (1988), “Capital flight: a response to differences in financial risks”, IMF Staff Papers, 35 (3), 422-436.

EITI (Extractive Industry Transparency Initiative Mozambique), (2020). Relatório Independente da Iniciativa de Transparência na Indústria Extractiva - Ano de 2019, 1-230.

GFI, (Global Fiancial Integrity) (2014). Esconderijo À Vista: Adulteração de Facturas Comerciais e seu Impacto na Perda de Receitas Fiscais no Gana, Quénia, Moçambique, Tanzânia e Uganda: 2002-2011, 2002–2011

GoM, (Government of Mozambique), (2020). Voluntary National Review of Agenda 2030 for Sustainble Development, Report

Hacker, R. S., Karlsson, H. K., & Månsson, K. (2014). “An Investigation of the Causal Relations between Exchange Rates and Interest Rate Differentials Using Wavelets”, International Review of Economics & Finance, No. 29: 321–329.

IMF- (International Monetary Fund) (2014). Mozambique Rising: Building a New Tomorrow. https://doi.org/10.5089/9781475517491.087

Kar, D. (2012). Mexico: Illicit Financial Flows, Macroeconomic Imbalances, and the Underground Economy. Macroeconomic Imbalances, and the Underground Economy (January 2, 2012).

Kar, D., & Cartwright-Smith, D. (2009). Illicit financial flows from developing countries: 2002-2006. Available at SSRN 1341946. DOI:10.2139/ssrn.1341946

Kar, D., & Spanjers, J. (2015). Illicit financial flows from developing countries: 2004-2013. Global Financial Integrity, 1-10.

Koop, G., Pesaran, H., & Potter, S. M. (1996) Impulse response analysis in non-linear multivariate models. Journal of Econometrics, 74: 119-148.

Latif, N. W. A., Abdullah, Z., & Razdi, M. A. M. (2015). An autoregressive distributed lag (ARDL) analysis of the nexus between savings and investment in the three Asian economies. The Journal of Developing Areas, 323-334.

Le Billon, P. (2011). Extractive sectors and illicit financial flows: What role for revenue governance initiatives? Chr. Michelsen Institute (CMI) U4 Issue n°13.

Letete, E., & Sarr, M. (2017) Illicit Financial Flows and Political Institutions in Kenya. African Development Bank Group. Working Paper Series n°275

Lhlou, K., & Mossadak, A. (2013) Empirical Investigation on the Illicit Financial Flows from Mena Region. Munich Personal RePEc Archive (MPRA) – working Paper No. 98020

Luu, H. N., Nguyen, N. M., Ho, H. H., & Nam, V. H. (2018). The effect of corruption on FDI and its modes of entry. Journal of Financial Economic Policy.

Luu, H. N., Nguyen, N. M., Ho, H. H., & Nam, V. H. (2019). The effect of corruption on FDI and its modes of entry. Journal of Financial Economic Policy.

Mossadak, A. (2018). Illicit financial outflows from Africa: measurement and determinants. Online at https://mpra.ub.uni-muenchen.de/104620/ Munich Personal RePEc Archive (MPRA) Paper No. 104620

Ndikumana, L., & Boyce, J. K. (2003). Public debts and private assets: explaining capital flight from Sub-Saharan African countries. World Development, 31(1): 107-130. https://doi.org/10.1016/S0305-750X(02)00181-X.

Ndikumana, L., & Boyce J. K. (2018). Capital Flight From Africa: Updated Methodology and New Estimates” Political Economy Research Institute (PERI) Research Report, June 1, 2018. https://www.peri.umass.edu/publication/item/1083-capital-flight-from-africa-updated-methodology-and-newestimates.

Orkoh, E., Claassen,C., & Blaauw, D. (2018) Corruption, political stability and illicit financial outflows in Sub-Saharan Africa. Faculty of Economic and Management Sciences. North-West University. Online at https://mpra.ub.uni-muenchen.de/89044/ Munich Personal RePEc Archive (MPRA) Paper No. 89044

Ortega, B., Sanjuán, J., & Casquero, A. (2020) Illicit financial flows and the provision of child and maternal health services in low and middle-income countries. BMC International Health and Human Rights. https://doi.org/10.1186/s12914-020-00236-w

Osei-Assibey, E., Domfeh, K. O., & Danquah, M. (2018). Corruption, institutions and capital flight: evidence from Sub-Saharan Africa. Journal of Economic Studies. 45(1).59-76, https://doi.org/10.1108/JES-10-2016-0212

Pesaran, M., H., & Shin, Y. (1998): “An Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis,” in Econometrics and Economic Theory: The Ragnar Frisch Centennial Symposium, ed. by S. Strom, Cambridge: Cambridge University Press, Econometric Society Monographs, 371–413.

Pettinger, T. (2019), Problems of Current Account Deficit. Economics Help. https://www.economicshelp.org/macroeconomics/bop/probsbalance-payments-deficit. [Last accessed on 17th November 2021]

Pesaran, M. H., Shin, Y., & Smith, R. J. (2001) Bounds testing approaches to the analysis of level relationships. J. Appl. Econom., 16, 289–326. https://doi.org/10.1002/jae.616

Rahman, M. M., & Shahbaz, M. (2013) Do imports and foreign capital inflows lead economic growth? Cointegration and causality analysis in Pakistan. South Asia Economic Journal, 14(1): 59-81. https://doi.org/10.1177/1391561413477941

Signé, L., Sow, M., & Madden, P. (2020) Illicit financial flows in Africa: Drivers, destinations, and policy options. Africa Gowth Initiative. Policy Brief

Škare, M., & Sinković, D. (2013). The role of equipment investments in economic growth: a cointegration analysis. International journal of economic policy in emerging economies, 6(1), 29-46. https://doi.org/10.1504/IJEPEE.2013.054471

Slany, A., Milsoa, C-R., & Picard, L. (2020). Illicit financial flows and sustainable development: Panel-data evidence for Africa. Background paper for Economic

Development in Africa Report 2020. UNCTAD.

Tarawalie, A. B., & Jalloh, T. (2021). Determinants of Capital Flight in Post War Sierra Leone: An Empirical Analysis. International Journal of Economics and Financial Issues, 11(2), 108-116. https://doi.org/10.32479/ijefi.11271

UNCTAD (2020). Trackling Illicit Financial Flows for Sustainable Development in Africa. United Nations Conference on Trade and Development, United Nations Economic Development in Africa Report 2020.

World Bank (2014). Mozambique Public Expenditure Review. Addressing the Challenges of Today, Seizing the Opportunities of Tomorrow, (91153), 1–170.

Downloads

Publicado

18/08/2022

Como Citar

MACAMO, R. da C. .; JALLOH, T. Fluxos financeiros ilícitos no setor de recursos naturais de Moçambique: O efeito de fatores macroeconômicos. Research, Society and Development, [S. l.], v. 11, n. 11, p. e149111133409, 2022. DOI: 10.33448/rsd-v11i11.33409. Disponível em: https://rsdjournal.org/index.php/rsd/article/view/33409. Acesso em: 24 jul. 2025.

Edição

Seção

Ciências Humanas e Sociais