Beja, Edsel Jr. (2006): Forensic Accounting: Hidden balance of payments of the Philippines. Published in: Loyola Schools Review , Vol. 6, (2007): pp. 1-14.
Download (163Kb) | Preview
An examination of the available data between 1990 and 2005 reveals that the balance of payments of the Philippines does not record large amounts of international transactions. Unrecorded international transactions for the 16-year period amount to US$ 192 billion (in 1995 prices). The results suggest a serious problem in the government’s macroeconomic management of the Philippines, and expose a weak or weakening capacity in the governance of international transactions.
|Item Type:||MPRA Paper|
|Institution:||Ateneo de Manila University|
|Original Title:||Forensic Accounting: Hidden balance of payments of the Philippines|
|Keywords:||Balance of Payments; Capital Flight; Trade Misinvoicing; Other Unrecorded Transactions; Philippines|
|Subjects:||F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F40 - General
B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B50 - General
O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O53 - Asia including Middle East
C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology; Computer Programs > C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B40 - General
|Depositing User:||Edsel Beja, Jr.|
|Date Deposited:||12. Sep 2007|
|Last Modified:||12. Feb 2013 18:04|
Beja, Jr., Edsel (2005). “The Cost of Capital Flight,” paper presented at the First Annual Conference for Development and Change, Neemrana, India, December 2-4.
Beja, Jr., Edsel (2006a). “Capital Flight and the Hollowing Out of the Philippine Economy in the Neoliberal Era,” Kasarinlan: Philippine Journal of Third World Studies, 26(1): 1-20.
Beja, Jr., Edsel (2006b). “Was Capital Fleeing Southeast Asia? Estimates from Indonesia, Malaysia, the Philippines, and Thailand,” Asia Pacific Business Review, 12(3): 261-283.
Bhagwati, Jagdish (1974). Illegal Transactions in International Trade, Amsterdam: North-Holland.
Boyce, James K. (1993). The Political Economy of Growth and Impoverishment in the Marcos Era, Manila: Ateneo de Manila University Press.
Boyce, James K. and Lyuba Zarsky (1988). “Capital Flight from the Philippines, 1962-1986,” Journal of Philippine Development, 15(2): 191-222.
Epstein, Gerald, Ilene Grabel, and Jomo K.S. (2005). “Capital Management Techniques in Developing Countries: An Assessment of Experiences in the 1990s and Lessons for the Future” in Gerald Epstein (ed.), Capital Flight and Capital Controls in Developing Countries, Northampton, MA: Edward Elgar
International Monetary Fund [IMF] (1996). Balance of Payments Manual, 5th Edition, Washington, DC: International Monetary Fund.
Palma, Gabriel (2000). “The Three Routes to Financial Crises: The Need for Capital Controls,” CEPA Working Paper No. 18, New School University
Rodrik, Dani (1998). “Who Needs Capital-Account Convertibility,” Princeton Essays in International Finance No. 207: 55-65.
Stiglitz, Joseph (2002). Globalization and Its Discontents, New York, NY: WW Norton.
Vos, Rob (1992). “Private Foreign Assets Accumulation, Not Just Capital Flight: Evidence from the Philippines,” Journal of Development Studies, 28(3): 500-537.