Abstract/Details

Capital flight from Southeast Asia: Case studies on Indonesia, Malaysia, the Philippines, and Thailand


2005 2005

Other formats: Order a copy

Abstract (summary)

This dissertation is an attempt at explaining and analyzing capital flight from Southeast Asia over the period 1970 to 2002. The research is organized into five questions. The first question is: What is capital flight? We review the literature on the meanings and measurements of capital flight. We define capital flight as the movement of capital from resource-scarce developing countries in order to avoid social control. The second question is: Was capital fleeing Southeast Asia? We employ a modified residual method to estimate capital flight. We measure capital flight as net unrecorded capital outflow, or the net of officially recorded capital inflows and recorded foreign exchange outflows. The third question is: Why was capital fleeing Southeast Asia? We examine direct and indirect linkages between capital flight and external borrowing, using a 'revolving door' model, and other exogenous variables. The fourth question is: Should Southeast Asia worry about capital flight? We deal with a counterfactual situation, using a planning method and a multiplier method: if there was no capital flight and the capital was utilized in productive domestic activities, how much additional output and employment would have been generated? The last question is: What is to be done to address capital flight? We discuss some policy guidelines to restrain, reduce, and reverse capital flight.

Indexing (details)


Subject
Economics;
Capital movement;
Developing countries--LDCs;
Policy making;
Social control;
Models;
Studies
Classification
0501: Economics
Identifier / keyword
Social sciences, Capital flight, External borrowing, Indonesia, Malaysia, Philippines, Thailand
Title
Capital flight from Southeast Asia: Case studies on Indonesia, Malaysia, the Philippines, and Thailand
Author
Beja, Edsel L., Jr.
Number of pages
188
Publication year
2005
Degree date
2005
School code
0118
Source
DAI-A 66/10, Dissertation Abstracts International
Place of publication
Ann Arbor
Country of publication
United States
Advisor
Boyce, James K.
University/institution
University of Massachusetts Amherst
University location
United States -- Massachusetts
Degree
Ph.D.
Source type
Dissertations & Theses
Language
English
Document type
Dissertation/Thesis
Dissertation/thesis number
3193878
ProQuest document ID
304997158
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Document URL
http://search.proquest.com/docview/304997158
Access the complete full text

You can get the full text of this document if it is part of your institution's ProQuest subscription.

Try one of the following:

  • Connect to ProQuest through your library network and search for the document from there.
  • Request the document from your library.
  • Go to the ProQuest login page and enter a ProQuest or My Research username / password.