Forensic Accounting: Hidden balance of payments of the Philippines
AbstractAn 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 4828.
Date of creation: 25 Nov 2006
Date of revision: 12 Sep 2007
Balance of Payments; Capital Flight; Trade Misinvoicing; Other Unrecorded Transactions; Philippines;
Other versions of this item:
- Edsel L. Beja, 2007. "Forensic Accounting: Hidden Balance of Payments of the Philippines," Working Papers wp130, Political Economy Research Institute, University of Massachusetts at Amherst.
- F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
This paper has been announced in the following NEP Reports:
- NEP-ACC-2007-09-16 (Accounting & Auditing)
- NEP-ALL-2007-09-16 (All new papers)
- NEP-HIS-2007-09-16 (Business, Economic & Financial History)
- NEP-SEA-2007-09-16 (South East Asia)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Beja, Edsel Jr., 2006. "Capital Flight and the Hollowing Out of the Philippine Economy in the Neoliberal Regime," MPRA Paper 4830, University Library of Munich, Germany.
- Armitage,Seth, 2005. "The Cost of Capital," Cambridge Books, Cambridge University Press, number 9780521000444, October.
- Armitage,Seth, 2005. "The Cost of Capital," Cambridge Books, Cambridge University Press, number 9780521801959, October.
- Edsel L. Beja, 2006. "Was Capital Fleeing Southeast Asia? Estimates from Indonesia, Malaysia, the Philippines, and Thailand," Asia Pacific Business Review, Taylor & Francis Journals, vol. 12(3), pages 261-283, July.
- Beja, Edsel Jr., 2007. "Capital Flight and Economic Performance," MPRA Paper 4885, University Library of Munich, Germany, revised 12 Sep 2007.
- Beja, Edsel Jr., 2007. "Playful Dragon: Messing and missing trade," MPRA Paper 5156, University Library of Munich, Germany.
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