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Forensic Accounting: Hidden balance of payments of the Philippines

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  • Beja, Edsel Jr.

Abstract

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 the 16-year period amount to US$ 192 billion (in 1995 prices). 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.

Suggested Citation

  • Beja, Edsel Jr., 2006. "Forensic Accounting: Hidden balance of payments of the Philippines," MPRA Paper 4828, University Library of Munich, Germany, revised 12 Sep 2007.
    • Handle: RePEc:pra:mprapa:4828
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    File URL: https://mpra.ub.uni-muenchen.de/4828/1/MPRA_paper_4828.pdf
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    References listed on IDEAS

    as
    1. Gabriel Palma, 2000. "The Three Routes to Financial Crises: The Need for Capital Controls," SCEPA working paper series. 2000-17, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    2. Edsel L. Beja, 2006. "Was Capital Fleeing Southeast Asia? Estimates from Indonesia, Malaysia, the Philippines, and Thailand," Asia Pacific Business Review, Taylor & Francis Journals, vol. 12(3), pages 261-283, July.
    3. Beja, Edsel Jr., 2006. "Capital Flight and the Hollowing Out of the Philippine Economy in the Neoliberal Regime," MPRA Paper 4830, University Library of Munich, Germany.
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    Cited by:

    1. Beja, Edsel Jr., 2007. "Playful Dragon: Messing and missing trade," MPRA Paper 5156, University Library of Munich, Germany.
    2. Slim, Sadri, 2015. "Un modelo Mundell-Fleming con economía ilegal y lavado de dinero [Modeling illegal economy and money laundering: a Mundell-Fleming framework]," MPRA Paper 64675, University Library of Munich, Germany.
    3. Beja, Edsel Jr., 2007. "Capital Flight and Economic Performance," MPRA Paper 4885, University Library of Munich, Germany, revised 12 Sep 2007.

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    More about this item

    Keywords

    Balance of Payments; Capital Flight; Trade Misinvoicing; Other Unrecorded Transactions; Philippines;
    All these keywords.

    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General

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