saving and increased consumption. The main findings are that spending on health, but not education, had an impact on …

Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite … relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of … unemployment declines were positively correlated with real GDP growth and, to a lesser extent, negatively with the real minimum …

that if annual GDP growth averages 7 percent and the employment elasticity is one-half, urban unemployment could double to …