We use Bayesian methods to estimate a medium-scale closed economy dynamic stochastic general equilibrium (DSGE) model for the Philippine economy. Bayesian model selection techniques indicate that among the frictions introduced in the model, the investment adjustment costs, habit formation, and...

This study examines the impact of a potential Philippines - EU FTA on the agricultural sector. Static analysis indicates that potential gains to the agricultural sector of the Philippines are limited, primarily owing to the low size of initial agricultural trade with EU (compared to other...

Expenditures on agriculture have been rising over time, as expression of the state's commitment to reduce poverty, raise rural incomes and household welfare, and promote food security. However, agriculture continues to exhibit disappointing performance, namely, laggard growth, lack of...

To avert the continued deterioration of Philippine forests and its negative consequences on the environment, the Aquino administration executed the National Greening Program (NGP) as the reforestation initiative of the government from 2011 to 2016. This study focuses on the scoping and process...