Wang, Wei; Wen, Yun; Xu, Zitong; Yang, Haoxi - 2022
This paper proposes a novel approach to quantitatively estimating the magnitude of China's capital flight through the travel channel from 2014 to 2020. We set 2014 as the break point, to account for a change in the methodology of compiling outbound travel expenditure. We adopt a counterfactual...