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An examination of the available data between 1990 and 2005 reveals that the balance of payments of the Philippines does … the Philippines, and expose a weak or weakening capacity in the governance of international transactions.Edsel Beja, Jr … Assistant Professor at Ateneo de Manila University in the Philippines. …
Persistent link: https://www.econbiz.de/10005070020
. Total capital flight from the Philippines was estimated at USD 138 billion (in 1995 constant prices) for the period 1970 … country. Were it not for capital flight, the Philippines would have reached an economic performance like the Asian economic …
Persistent link: https://www.econbiz.de/10008672383
measured as net unrecorded capital outflow. Capital flight from the Philippines was $16 billion in the 1970s, $36 billion in … been utilized in the country to generate additional output and jobs. Capital flight from the Philippines followed a …
Persistent link: https://www.econbiz.de/10005619737
incomes has contributed to the economic decrepitude of the Philippines. Debt relief is neces-sary to pull the country out of …
Persistent link: https://www.econbiz.de/10005029699
calculations on the Philippines suggest that capital flight contributed to lower the quality of long-term economic growth …. Sustained capital flight over three decades means that capital flight had a role for the Philippines to lose the opportunities … the macroeconomy more effectively, the Philippines remains caught in the perpetuity of crises, its economy hollowed …
Persistent link: https://www.econbiz.de/10005260151
At the end of Q2 2023, the current account surplus of the balance of payments fell 14-fold compared to Q2 2022 as a result of a decrease in the value of exports and an increase in the value of imports. At the same time, the financial account deficit was formed as a result of the outstripping...
Persistent link: https://www.econbiz.de/10014343898
basic balance of the Philippines of about 6.5 percent in 2021 (and declining during the years prior to it). This BOPC growth … the BOPC growth rate. The Philippines must lift the constraints that impede a higher growth of exports. In particular, it …
Persistent link: https://www.econbiz.de/10014480233
Recent estimates suggest that developing countries lose about 1 trillion US dollars each year due to illicit financial flows. This paper reviews the empirical methodology that underlies those estimates. Various critical aspects of the analytical approach are highlighted, focusing in particular...
Persistent link: https://www.econbiz.de/10011459229
Persistent link: https://www.econbiz.de/10011646197
While illicit capital flight is a major concern of policy makers in developing countries, there is only little research on the possible link between capital flight and development aid. In this paper, we address the issue for Nepal, a stereotypical financially-closed developing economy that is...
Persistent link: https://www.econbiz.de/10012648881