Estimates of Unrecorded Private Capital Movements

Zafar Mahmood () and Hina Nazli

Economia Internazionale / International Economics, 1999, vol. 52, issue 1, 79-90

Abstract: Given the precarious balance of payments and debt situation, unrecorded flows of capital cause serious welfare losses. In order to formulate realistic policies, it is essential to have a knowledgeable account of such flows. Using different methodologies, the present paper estimates illicit movement of private capital in Pakistan. Interestingly, the estimates undermine the impression about capital flight from Pakistan, as it turned out as net recipient of unrecorded capital. In Pakistan, premium created by trade and exchange controls is very high compared with the risk in conducting illicit activities which defy the goals of policies. This paper suggests rationalization of trade and exchange policies and effective enforcement of controls to eliminate the menace of illicit activities.

JEL-codes: F21 F32 (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0284

Access Statistics for this article

Economia Internazionale / International Economics is currently edited by Giovanni Battista Pittaluga

More articles in Economia Internazionale / International Economics from Camera di Commercio Industria Artigianato Agricoltura di Genova Via Garibaldi 4, 16124 Genova, Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Angela Procopio ().