The experience of Olongapo City in managing economic distress due to the loss of its economic anchor, the Subic Bay Naval Base, offers a rich lesson in local governance on how critical it is to plan ahead. The risk of a severe downturn, primarily due to economic dependency, can be successfully...

This paper reviews the current empirical literature on competition and market structure of Philippine industries. It shows that weak competition is one of the fundamental factors that explain limited growth, productivity, and employment in the economy. Philippine experience has shown that...

Changing the base year (1985) of Philippine GDP in constant prices could change the growth rate and the shares of components even when there is no change in the volume of production, implying that the changes in growth rate and shares are anomalous (i.e., no real basis). This possibility weakens...