Normal view MARC view ISBD view

Capital flight from the Philippines, 1962-1986 /

By: Boyce, James K.
Contributor(s): Zarsky, Lyuba.
Series: Vol. 15 No. 2 Second Sem 1988.Description: p.191-222.Subject(s): Capital movements - PhilippinesOnline resources: Click here to access online In: Journal of Philippine DevelopmentSummary: This paper presents quantitative measures of the annual flow and cumulative stock of capital flight from the Philippines in the 25-year period from 1962-1986. The paper is organized as follows: the second section discusses the concept of capital flight and proposes a definition which rests upon the notion of contested control over capital. Section three enumerates the principal mechanism by which capital fled the Philippines in recent decades. The fourth section presents alternative preliminary measures of annual flows of flight capital. Section five explains adjustments to these measures to capture the net effect of misinvoicing of exports and imports. Section six shows the final estimates of the flows and stock of flight capital, incorporating adjustments for inflation and interest earnings to derive measures which can be compared, for example, to the country's outstanding external debt at the end of 1986. The conclusions are summarized in the last section
    average rating: 0.0 (0 votes)
No physical items for this record

This paper presents quantitative measures of the annual flow and cumulative stock of capital flight from the Philippines in the 25-year period from 1962-1986. The paper is organized as follows: the second section discusses the concept of capital flight and proposes a definition which rests upon the notion of contested control over capital. Section three enumerates the principal mechanism by which capital fled the Philippines in recent decades. The fourth section presents alternative preliminary measures of annual flows of flight capital. Section five explains adjustments to these measures to capture the net effect of misinvoicing of exports and imports. Section six shows the final estimates of the flows and stock of flight capital, incorporating adjustments for inflation and interest earnings to derive measures which can be compared, for example, to the country's outstanding external debt at the end of 1986. The conclusions are summarized in the last section

Philippine Institute for Development Studies | Powered by Koha