An investigation into the relationship between capital flight and external debt: The Philippine experience from 1970-2004
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 ha...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2005
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/18383 |
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| Institution: | De La Salle University |
| Language: | English |
| 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. |
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