The Philippines entered its deepest recession in post-war history in 2020, with output declining by 9.6 percent. Coming up with a strategy on how to best manage the economy and deal with the fallout of the public health shock, especially on the weaker segments of society, became the biggest...

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...

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...

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...

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...

The 2008 global economic and financial crisis spawned a synchronized recession among industrialized countries leading to a contraction in world trade. Exports from developing countries fell sharply dragging many of them into the global economic downturn. The Philippines was not spared the...