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Theoretical and Applied Economics
No. 9 / 2009 (538)

The Relationship between Economic Growth and Money Laundering – a Linear Regression Model

Ion Stancu
Daniel Rece
The Bucharest Academy of Economic Studies

Abstract. This study provides an overview of the relationship between economic growth and money laundering modeled by a least squares function. The report analyzes statistically data collected from USA, Russia, Romania and other eleven European countries, rendering a linear regression model. The study illustrates that 23.7% of the total variance in the regressand (level of money laundering) is “explained” by the linear regression model. In our opinion, this model will provide critical auxiliary judgment and decision support for anti-money laundering service systems.

Keywords: money laundering; economic growth; GDP; money laundering estimates; microeconomic approach.

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