Natural disasters are on the rise worldwide. There are more and more intense natural disasters - which are defined to cause at least 100 deaths or to affect the basic survival needs of at least 1,000 people - resulting from floods and storms as well as droughts and heat waves. The Asia and the...

We examine the link between extreme weather events and national aid and transfers at the municipal level in the Philippines between 1992 and 2015. Using local-level data of public income and expenditures, local precipitation, poverty incidence, and satellite-based night light luminosity, we find...

Since the implementation of the Millennium Development Goals, significant global progress has been achieved in promoting gender equality in education and health. However, progress has not been as remarkable in advancing women’s rights on asset ownership and control, which is critical for...

This study reviews two methods of measuring pove rty dynamics. The components approach uses the longitudinally averaged income to determine whether a household is chronically poor or not. On the other hand, the spells approach counts the number of poverty episodes experienced by a household....

This paper seeks to analyze the factors affecting the growth of enterprises in the Philippines, as measured from the expansion of employment. The paper contributes to the literature in two ways. First, it attempts to provide a comprehensive background of the various policies and legislations...

This paper analyzes why the Philippines' growth performance has improved significantly in recent years. As in the medium to long term actual growth adjusts to potential, we posit that the reason behind this improvement is that the country’s potential growth is increasing. We derive an estimate...

A more integrated global financial system has implications on the economic volatility of small open economies. This paper simulates the impact of a shortterm shock originating from the global financial system on small open economies in the Association of Southeast Asian Nations (ASEAN). The...

With a strong recovery from the global crisis, the Philippines policy focus will shift again to a long-term development agenda. Despite favorable initial conditions, the Philippines long-term growth performance has been disappointing. Over the decades, the economy has suffered from high...

Infrastructure plays a critical role in boosting the economy's overall productivity and development toward improving the quality of life. Public-private partnership (PPP) is considered as one of the key modalities for sustainable infrastructure development. This paper analyzes and compares the...

Economic analysis often faces challenges in the valuation of nonmarket goods and services. The traditional set of nonmarket valuation tools for measuring Marshallian economic surplus has limitations related to potential bias in stated preferences and endogeneity of nonmarket amenity placement in...