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 this period amount to US $192 billion (in 1995 U.S. dollars). 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.Edsel Beja, Jr. is a PERI Research Scholar. He is Deputy Director of the Ateneo Center for Economics Research and Development, and Assistant Professor at Ateneo de Manila University in the Philippines.
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Bibliographic InfoPaper provided by Political Economy Research Institute, University of Massachusetts at Amherst in its series Working Papers with number wp130.
Date of creation: 2007
Date of revision:
balance of payments; unrecorded transactions; Philippines;
Other versions of this item:
- Beja, Edsel Jr., 2006. "Forensic Accounting: Hidden balance of payments of the Philippines," MPRA Paper 4828, University Library of Munich, Germany, revised 12 Sep 2007.
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
- C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
- F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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- 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.
- 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.
- Armitage,Seth, 2005. "The Cost of Capital," Cambridge Books, Cambridge University Press, number 9780521801959, October.
- Beja, Edsel Jr., 2007. "Playful Dragon: Messing and missing trade," MPRA Paper 5156, University Library of Munich, Germany.
- Beja, Edsel Jr., 2007. "Capital Flight and Economic Performance," MPRA Paper 4885, University Library of Munich, Germany, revised 12 Sep 2007.
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