Capital Flight from the Philippines, 1962-1986

James K. Boyce and Lyuba Zarsky

Philippine Journal of Development from Philippine Institute for Development Studies

Abstract: This paper presents quantitative measures of the annual flow and cumulative stock of capital flight from the Philippines from 1962-1986. Results indicate a substantial capital flight during the period of investigation, amounting to almost four-fifths of the country’s external debt outstanding at the end of 1986.

Keywords: inflows; capital outflows; public debt; capital account (search for similar items in EconPapers)
Pages: 32
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:phd:pjdevt:jpd_1988_vol__xv_no__2-c

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