Zheng, Yingmei; Tang, Kam Ki - In: Journal of the Asia Pacific economy 14 (2009) 4, pp. 313-330
This paper improves on the widely used residual method in order to estimate the magnitude of capital flight in eight Asian economies over the period of 1980-2004. The paper argues that as capital flight is a drain on financial resources for development, it is more appropriate to measure it...
