An investigation into the relationship between capital flight and external debt: The Philippine experience from 1970-2004

Date of Publication

2005

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Commerce Major in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Thesis Adviser

Rene B. Hapitan

Defense Panel Member

Edwin Gil Q. Mendoza
Pinkly S. Padronia
Antonio R. Zamora

Abstract/Summary

Using Boyce's study as a foundation of this research, this paper analyzes the relationship between Philippine capital flight and external debt over the period 1970-2004. The framework goes this way: external debt causes capital flight capital flight causes external debt. Since capital flight has no universal definition, the researchers discuss and present the estimates of the five measurements of capital flight, namely, Boyce, Cline, Morgan Guaranty, and the World Bank. To test if there's a causal relationship between the external debt and capital flight, the proponents employ Granger causality, F-test, T-test, Pearson, and canonical analysis. The results from using different statistical tools, based on different measures of flight, highlight the detail that capital flight and external debt influence each other.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21740

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

84, [31] leaves : illustrations

Keywords

Debts, External--Philippines; Capital movements--Philippines

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