A Study on the Threshold Effect of Cross-border Capital Inflows-Led Economic Growth——From the Perspective of Cross-border Anti-money Laundering Regulation
This paper uses panel data from 179 economies worldwide during 2011-2020 as samples,and uses the Basel AML index,which specifically characterizes the effectiveness of cross-border anti money laundering(AML)regulatory sys-tems in various countries,as a threshold variable to empirically study the threshold effect of cross-border AML regulation on the relationship between cross-border capital inflows and host country economic growth.Research has shown that cross-border fund transfers(including cross-border money laundering)can suppress economic growth by amplifying the volatility risk of capital inflows.Moderate cross-border AML regulation improves the economic growth trend of host countries by mitigating the negative impact of cross-border capital inflows;excessive cross-border AML regulation continues to slow down the economic growth trend of host countries by exacerbating the negative impact of cross-border capital inflows.
cross-border AML regulationcross-border capital inflowshost country economic growthpanel threshold regression
NETL
NSTL
万方数据
