The Dynamics of Rural Development Project attempts to examine the agricultural sector, which recently has been subjected to comprehensive agrarian reform and rural nonfarm enterprises (RNEs). This paper is an integration of the major findings of various studies under the second set of...

Criticism against large-scale macroeconometric models built in the tradition of the Cowles Commission approach began to mount in the late 1960s. These misgivings were subsequently reflected in the Lucas critique, Sims critique and disenchantment with the model’s Keynesian foundations. In...

Macroeconometric models may have lost its fame in the past decade; nevertheless it has remained useful in guiding policy decisions and forecasting. This paper is concerned with its estimation and its uses regarding stabilization policies. Improvement in the present Philippine macroeconomic models is...

Reliable, accurate and timely data and appropriate statistical techniques are key elements to produce quality research and sound decision-making process. This paper investigates the uses of data and statistical methodologies in policy research and planning in the Philippine setting. Based on the...

While adjustment policies are necessary to realign the economy in the right track, it entails a number of adverse impacts, especially on the poor and vulnerable groups. This paper reviews the Philippine growth performance, its economic structure and the reforms it has implemented. This also...

Macroeconometric models have proven to be a useful tool in analyzing the economy-wide or sector-specific effects of policy measures. Simulations using these models have enabled planners and policymakers to trace through the effects of proposed policy changes or external shocks as well as...