Volume 15, Number 2

Capital Flight from the Philippines, 1962-1986

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.

Citations

  1. Beja, Edsel. 2005. Capital flight from the Philippines, 1970-2002. Philippine Review of Economics, 42, No. 2, 1-26. University of the Philippines School of Economics and Philippine Economic Society.
  2. Sarmad, Khwaja. 1993. Private capital outflow from Pakistan. The Pakistan Development Review, 32, No. 4, 619-627. Pakistan Institute of Development Economics.
  3. Griffin, Keith. 1991. Foreign aid after the cold war. Development and Change, 22, no. 4, 645-685. International Institute of Social Studies.
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The Philippine Journal of Development (PJD) is a multidisciplinary, peer-reviewed journal published biannually by the Philippine Institute for Development Studies (PIDS). It serves as a platform for disseminating policy-oriented research on development issues, including the economy, business, public administration, foreign relations, sociology, and political dynamics. 

P-ISSN 2508-0954 • E-ISSN 2508-0849 • https://doi.org/10.62986/pjd