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...

The Philippines is one of the countries in Southeast Asia that has experienced massive capital inflows. Being a latecomer in this arena, it can avoid the undesirable effects of these inflows by drawing lessons from the experiences of Latin American and Other Asian countries. This paper provides...

The Philippine economy has manifested signs of recovery due to various factors such as political and economic stabilization. Hence, inflows are expected to continue in the future. While these capital flows are positive developments, it carries with it adverse impacts on the real sector of the...

From 1980-1994, the Philippine economy has been generally unstable. This paper provides measures by which the Philippine government can promote private investment in the light of its move towards market economy. Recommendations include prioritizing domestic resource mobilization and flexibility...

This study analyzes the potential impact of the Philippines-Japan Free Trade Agreement (FTA) on the Philippine economy in case of the Philippines' discriminately unilateral tariff reduction on import from Japan using a computable general equilibrium model for the Philippine economy. The result...

Analysis of pertinent data shows that Krugman’s warning about the serious repercussions of a number of disinflation methods is relevant for the Philippine case. While financial managers have correctly responded during the crisis years, policy responses during the recovery phases from 1986-1995...

Within the context of “NIC-hood,” this paper advances that the country and the government should understand and situate the parameters of Philippine development. It also asserts that rethinking agricultural development and strengthening of industries and tradable services should be made.

This article is presented before the 19th Annual Meeting of the Philippine Economic Society at the Manila Hotel on December 11, 1982. It covers some concerns about the Philippine economic environment within the context of a world economy that may continue experiencing real growth deceleration....

This paper looks at the Philippine postwar growth within a comparative framework, utilizing the record and experience of ASEAN countries as a background. It also looks into the consequences of the rate and pattern of growth on structural changes, income distribution, savings and other variables....

This paper tests the causality issue between defense spending and economic growth in the Philippines. The results of the tests are used to provide implications for Philippine policy development.