In this paper, the dynamic effects of exchange rate changes in the Philippines in 1970-1980 are examined and compared with those found by Bautista for 1956-1968, using his supply oriented macroanalytic model. The effectiveness of devaluation as a policy instrument for increasing employment,...

Rao's solution of the estimation equations in the maximum likelihood method of factor analysis is derived in this paper in a model wherein Morrison's specific-factor variate ei is replaced by ¦Ä1U1 and the covariance structure, by the correlation pattern. The correlation pattern is used, at...

Causes of crime were sought in individual's characteristics, sociological aspects and illicit drug use. Since the pioneering work of Gary Becker (1968), economists have analyzed determinants of crime from the perspective of the offender's rational decision to participate in illegal activities....

In this paper, a method which is different from that used by Leontief in testing the validity of the conclusions of the Heckscher-Ohlin theorem is recommended. We note that the empirical significance of the theorem can be established only if both its assumptions and its conclusions are...

“What are the prospects of the Philippine economy after the presidential election of 2004?” Before speculating on this question, the paper discusses four major problems of the economy that the new president will face after the elections. These are (a) the weak long-term performance; (b) the...

This paper explains the structure and the use of an economic time series on Philippines that I constructed at the University of the Philippines' School of Economics. A small program package suitable for use with a minicomputer both on a BATCH or on ON-LINE system was designed and the initial...