Capital Flight and Economic Performance: Growth Projections for the Philippines

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...

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Main Author: Beja, Edsel L, Jr
Format: text
Published: Archīum Ateneo 2007
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Online Access:https://archium.ateneo.edu/economics-faculty-pubs/140
https://archium.ateneo.edu/cgi/viewcontent.cgi?article=1139&context=economics-faculty-pubs
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spelling ph-ateneo-arc.economics-faculty-pubs-11392020-09-17T08:20:37Z Capital Flight and Economic Performance: Growth Projections for the Philippines Beja, Edsel L, Jr 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 capital flight had a role for the Philippines to lose the opportunities to achieve economic takeoff. Unless decisive policy actions are taken up to address enduring capital flight and manage the macroeconomy more effectively, the Philippines remains caught in the perpetuity of crises, its economy hollowed-out, the people trapped in poverty, and once again, the country is frustrated from realizing a takeoff. 2007-02-01T08:00:00Z text application/pdf https://archium.ateneo.edu/economics-faculty-pubs/140 https://archium.ateneo.edu/cgi/viewcontent.cgi?article=1139&context=economics-faculty-pubs Economics Department Faculty Publications Archīum Ateneo Capital flight economic growth Philippines Economics Growth and Development
institution Ateneo De Manila University
building Ateneo De Manila University Library
country Philippines
collection archium.Ateneo Institutional Repository
topic Capital flight
economic growth
Philippines
Economics
Growth and Development
spellingShingle Capital flight
economic growth
Philippines
Economics
Growth and Development
Beja, Edsel L, Jr
Capital Flight and Economic Performance: Growth Projections for the Philippines
description 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 capital flight had a role for the Philippines to lose the opportunities to achieve economic takeoff. Unless decisive policy actions are taken up to address enduring capital flight and manage the macroeconomy more effectively, the Philippines remains caught in the perpetuity of crises, its economy hollowed-out, the people trapped in poverty, and once again, the country is frustrated from realizing a takeoff.
format text
author Beja, Edsel L, Jr
author_facet Beja, Edsel L, Jr
author_sort Beja, Edsel L, Jr
title Capital Flight and Economic Performance: Growth Projections for the Philippines
title_short Capital Flight and Economic Performance: Growth Projections for the Philippines
title_full Capital Flight and Economic Performance: Growth Projections for the Philippines
title_fullStr Capital Flight and Economic Performance: Growth Projections for the Philippines
title_full_unstemmed Capital Flight and Economic Performance: Growth Projections for the Philippines
title_sort capital flight and economic performance: growth projections for the philippines
publisher Archīum Ateneo
publishDate 2007
url https://archium.ateneo.edu/economics-faculty-pubs/140
https://archium.ateneo.edu/cgi/viewcontent.cgi?article=1139&context=economics-faculty-pubs
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