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
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
Recommended Citation
Fausto, R. M., Or, J. N., & Salisi, A. D. (2005). An investigation into the relationship between capital flight and external debt: The Philippine experience from 1970-2004. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/18383