Table 2 Regression results for estimating Eq. (2).
From: Estimating money laundering flows with a gravity model-based simulation
Dependent variable | ||
|---|---|---|
Value of STRs | Number of STRs | |
(1) | (2) | |
Border | − 5.677 (1.250)*** | − 0.983 (0.631) |
Common language | 6.428 (1.330)*** | 3.869 (0.733)*** |
Common currency | 0.143 (0.506) | − 0.055 (0.167) |
Colonial background | 2.665 (0.958)*** | 0.204 (0.340) |
Common religion | 2.118 (0.681)*** | 1.282 (0.224)*** |
Distance | − 1.490 (0.124)*** | − 0.406 (0.042)*** |
Trade | 0.082 (0.021)*** | 0.023 (0.005)*** |
GDP:i | 0.749 (0.068)*** | 0.253 (0.018)*** |
GDP:j | 1.126 (0.069)*** | 0.401 (0.023)*** |
GDPpc:i | 0.125 (0.154) | 0.031 (0.039) |
GDPpc:j | − 1.094 (0.137)*** | − 0.421 (0.050)*** |
Egmont member:i | 0.759 (0.444)* | − 0.092 (0.111) |
Egmont member:j | 1.607 (0.416)*** | 0.539 (0.163)*** |
Conflict:i | 0.773 (0.328)** | 0.246 (0.089)*** |
Conflict:j | 0.225 (0.263) | 0.321 (0.123)*** |
Corruption control:i | 0.460 (0.672) | 0.308 (0.176)* |
Corruption control:j | − 0.437 (0.672) | − 0.369 (0.226) |
Taxhaven:i | 0.217 (0.159) | 0.095 (0.042)** |
Taxhaven:j | 0.258 (0.159) | 0.039 (0.053) |
(Intercept) | 13.824 (1.975)*** | 4.169 (0.615)*** |
Year dummies included | Yes | Yes |
R2 | 0.482 | 0.501 |
Adj. R2 | 0.476 | 0.496 |
Num. obs | 2266 | 2266 |
F statistic | 144.109 | 91.285 |
RMSE | 3.852 | 1.250 |
