Abstract
ABSTRACT The study investigates the effects of illicit financial flows (IFFs) on sustainable development in sub-Saharan Africa. The study adopts the methods of analysis of the GMM, Driscoll, and Kraay covariance estimator systems. The study found that IFFs negatively impact sustainable development in SSA. The study also reveals two main channels of IFFs in SSA. On the macroeconomic side, we found that the financial sector and the shadow economy are the main channels of IFFs in SSA. On the institutional side, government quality is the main channel of IFFs. The research and policy implications are discussed.
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