Analysis of labor force survey data from 1994 to 2007 reveals that the structure of the Philippines labor force has been changing in several important ways. One is the movement from self-employment, the most predominant form of employment, to wage employment across a wide range of production...

Official statistics from the National Income Accounts (NIA) in the Philippines depicts an economy that has grown faster after the Asian Financial Crisis (AFC). Although the higher growth of output after the AFC was accompanied by higher real growth rates of personal consumption and the service...

We examine the role of trade liberalization in accounting for increasing wage inequality in the Philippines from 1994 to 2000--a period over which trade protection declined and inequality increased dramatically. Using the approach of Ferreira, Leite, and Wai-Poi (2007), we find that...

A computable general equilibrium model is designed evaluating the economic impacts of agricultural policies such as price floors in food production, price ceilings in food consumption and in the use of agricultural inputs, and irrigation investments. Trade, sales tax, and external debt are also...

A corollary of the Bebreu-Scarf theorem is that, under ideal conditions, contracts serve as perfect substitutes for markets. Applying these propositions to sharecropping provides a rigorous foundation for the competitive theory of share tenancy. In addition, it is shown that the competitive...