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Full-Text Articles in Economics
Forensic Accounting: Hidden Balance Of Payments Of The Philippines, Edsel L. Beja Jr
Forensic Accounting: Hidden Balance Of Payments Of The Philippines, Edsel L. Beja Jr
Economics Department Faculty Publications
An examination of the available data between 1990 and 2005 reveals that the balance of payments of the Philippines does not record large amounts of international transactions. Unrecorded international transactions for this period amount to US $192 billion (in 1995 U.S. dollars). The results suggest a serious problem in the government’s macroeconomic management of the Philippines, and expose a weak or weakening capacity in the governance of international transactions.Edsel Beja, Jr. is a PERI Research Scholar. He is Deputy Director of the Ateneo Center for Economics Research and Development, and Assistant Professor at Ateneo de Manila University in the Philippines.
Capital Flight And Economic Performance, Edsel L. Beja Jr
Capital Flight And Economic Performance, Edsel L. Beja Jr
Economics Department Faculty Publications
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.
Capital Flight And Economic Performance: Growth Projections For The Philippines, Edsel L. Beja Jr
Capital Flight And Economic Performance: Growth Projections For The Philippines, Edsel L. Beja Jr
Economics Department Faculty Publications
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.
Foreign Direct Investment(Fdi) Inflows To Asean Member Countries: Problems And Prospects, Rosalina Palanca-Tan
Foreign Direct Investment(Fdi) Inflows To Asean Member Countries: Problems And Prospects, Rosalina Palanca-Tan
Economics Department Faculty Publications
FDI has played an important part in the industrialization and growth experience of ASEAN countries. The growth in Gross Domestic Product (GDP) of ASEAN as a whole is strongly correlated with inflows of FDIs in the region. The share of ASEAN in global FDI inflows is disproportionately larger than its share in global GDP. About 5% of total world FDI went to ASEAN member countries during the period 1980-2005 while the region accounted for less than 2% of world GDP. This reflects the perceived attractiveness of ASEAN member countries as FDI hosts. Global firms were initially attracted by favorable conditions …