Research and development (R&D) is an important resource for sustained economic growth. New knowledge created by a firm has spillover effects that improve the productivity of other firms and even other sectors. This is the heart of endogenous growth theory. In this framework, government policies...

This article is part of the NEDA-PIDS Seminar-Workshop on the Philippine System of National Accounts. It reports what has been achieved after the last workshop held last November 1976. It also discusses the more pressing problems and issues relating to the balance of payment and government...

The monetary approach to the balance of payments (BOP) takes the view that domestic credit is exogenous to BOP and that it is deteriorated by the excess money, which results from domestic credit expansion. This article determines whether in fact the assertion is true. Utilizing the method...

This article is part of the NEDA-PIDS Seminar-Workshop on the Philippine System of National Accounts. This paper examines foreign transactions as recorded in the national accounts and the balance of payments statements. While these statements have different uses, consistency between the two is...

This article is part of the NEDA-PIDS Seminar-Workshop on the Philippine System of National Accounts. It outlines the seminar’s major objectives and the problems and issues that need to be addressed. It argues that coordination among institutions can lead to effective resolution to sensitive...

This article has been delivered during the Central Bank Diamond Jubilee celebration on November 21,1988. It reviews the issues of Philippine structural adjustments with a focus on the identification of elements in the past Philippine efforts that appear to be critical in the future adjustment...

This article is part of the NEDA-PIDS Seminar-Workshop on the Philippine System of National Accounts. It discusses the government data system focusing on the Office of Budget and Management, Bureau of Treasury and Commission on Audit. Accounts of government are classified. It also lays down...

Cast within the framework of small open economy that periodically faces balance of payments crises, the theoretical model developed in this study can be utilized to study the devaluation experiences of the Philippines. Such model provides not only a test for validity and relevance but also an...