Forensic Accounting: Hidden balance of payments of the Philippines

Beja, Edsel Jr. (2006): Forensic Accounting: Hidden balance of payments of the Philippines. Published in: Loyola Schools Review , Vol. 6, (2007): pp. 1-14.

Abstract

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
• Language: English
• 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, Innovation, 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 ; Data Access; B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B40 - General

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