Felipe, Jesus; Albis, Manuel Leonard - 2024
We expand the standard balance-of-payments-constrained (BOPC) growth rate model in three directions. First, we take … growth rate of 6.5-8 percent during 2024-28. We obtain an estimate of the growth rate consistent with equilibrium in the … the BOPC growth rate. The Philippines must lift the constraints that impede a higher growth of exports. In particular, it …