Was Capital Fleeing Southeast Asia? Estimates from Indonesia, Malaysia, the Philippines, and Thailand

• Main Author: Beja, Edsel L, Jr
• Format: text
• Published: Archīum Ateneo 2007
• Subjects: capital flight; external debt; Indonesia; Malaysia; The Philippines; Thailand; Economics; International Economics
• Online Access: https://archium.ateneo.edu/economics-faculty-pubs/112; https://www.tandfonline.com/doi/abs/10.1080/13602380600578133?scroll=top&needAccess=true&journalCode=fapb20
• Institution: Ateneo De Manila University

Capital flight is the movement of capital from a resource-scarce developing country to avoid social control. It is measured as the net unrecorded capital outflow, or the residual between officially recorded uses and sources of funds. For Indonesia, Malaysia, the Philippines, and Thailand, we estimat...