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Capital Flight from the Philippines, 1962-1986

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  • Boyce, James K. Author_Email:
  • Zarsky, Lyuba Author_Email:

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.

Suggested Citation

  • Boyce, James K. Author_Email: & Zarsky, Lyuba Author_Email:, "undated". "Capital Flight from the Philippines, 1962-1986," Philippine Journal of Development jpd_1988_vol__xv_no__2-c, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:pjdevt:jpd_1988_vol__xv_no__2-c
    DOI: https://doi.org/10.62986/pjd1988.15.2c
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    File URL: https://www.pids.gov.ph/publication/philippine-journal-of-development/capital-flight-from-the-philippines-1962-1986
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    References listed on IDEAS

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    1. Robert E. Cumby & Richard M. Levich, 1987. "On the Definition and Magnitude of Recent Capital Flight," NBER Working Papers 2275, National Bureau of Economic Research, Inc.
    2. Bowles, Samuel & Gintis, Herbert, 1988. "Contested Exchange: Political Economy and Modern Economic Theory," American Economic Review, American Economic Association, vol. 78(2), pages 145-150, May.
    3. Carlos F. Diaz-Alejandro, 1984. "Latin American Debt: I Don't Think We Are in Kansas Anymore," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 15(2), pages 335-403.
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    Cited by:

    1. Edsel L. Beja, 2005. "Capital flight from the Philippines, 1970-2002," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 42(2), pages 1-26, December.
    2. Keith Griffin, 1991. "Foreign Aid after the Cold War," Development and Change, International Institute of Social Studies, vol. 22(4), pages 645-685, October.
    3. Khwaja Sarmad, 1993. "Private Capital Outflow from Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 32(4), pages 619-627.

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