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Re-estimation of capital flights from China: 1982-2005

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  • Zhenquan Wang
  • Shouyang Wang
  • Tonghua Huang

Abstract

Cuddington and World Bank-method are modified with trade credits and trade misinvoicing to estimate the short-term and total capital flight (CF) from China. Trade Misinvoicing are adjusted with the transit trade through Hong Kong. It is shown that the short-term is the main component of the CFs from China. Export under-invoicing is the main channel of CFs since 1994, and illegal capital inflow and CF exist simultaneously in China.

Suggested Citation

  • Zhenquan Wang & Shouyang Wang & Tonghua Huang, 2009. "Re-estimation of capital flights from China: 1982-2005," Applied Economics Letters, Taylor & Francis Journals, vol. 16(9), pages 971-976.
    • Handle: RePEc:taf:apeclt:v:16:y:2009:i:9:p:971-976
    DOI: 10.1080/13504850701222038
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    References listed on IDEAS

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    1. Andrew Berg & Eduardo Borensztein & Catherine Pattillo, 2005. "Assessing Early Warning Systems: How Have They Worked in Practice?," IMF Staff Papers, Palgrave Macmillan, vol. 52(3), pages 1-5.
    2. Mr. Ilan Goldfajn & Mr. Rodrigo O. Valdes, 1997. "Capital Flows and the Twin Crises: The Role of Liquidity," IMF Working Papers 1997/087, International Monetary Fund.
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    Cited by:

    1. Hsiu-Ling Wu & Chien-Hsun Chen & Yi-Rou Chen, 2021. "Factors Influencing China’s Outward Foreign Direct Investment," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 15(3), pages 299-319, August.

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