Capital Flight and Economic Performance

• Main Author: Beja, Edsel L, Jr
• Format: text
• Published: Archīum Ateneo 2007
• Subjects: Capital flight; economic growth; Philippines; Economics; Growth and Development
• Online Access: https://archium.ateneo.edu/economics-faculty-pubs/116; https://archium.ateneo.edu/cgi/viewcontent.cgi?article=1115&context=economics-faculty-pubs
• Institution: Ateneo De Manila University

Capital flight aggravates resource constraints and contributes to undermine longterm economic growth. Counterfactual calculations on the Philippines suggest that capital flight contributed to lower the quality of long-term economic growth. Sustained capital flight over three decades means that capit...