As suggested by vast literature, the Philippine economy has performed poorly over the last three decades due to deterioration in productivity. This paper provides an updated productivity estimates for the manufacturing industries over the period 1956-1992. This paper decomposes this industry...

Accounting for the 1988-1992 trade reforms undertaken by the government, this paper simulates its economic effects in nominal tariff rates and implicit tariff rates using the APEX model/computable general equilibrium model of the Philippine economy

While adjustment policies are necessary to realign the economy in the right track, it entails a number of adverse impacts, especially on the poor and vulnerable groups. This paper reviews the Philippine growth performance, its economic structure and the reforms it has implemented. This also...

Major exchange rate adjustments have been seriously resisted by various groups due to their association of its occurrence during periods of severe economic crisis. Hence, exchange rate policy has not been utilized as part of development strategy but as a reactionary tool during periods of...

The GATT/WTO may affect the Philippine economy in three ways: through changes in tariff structure resulting from the country's commitment in the Uruguay Round, through the expansion of world trade as developed and less developed countries adjust their protection structures and through the...

Utilizing the Jemio and Vos Financial Computable General Equilibrium, this paper presents the simulation results of the economic adjustments during 1987-1993, focusing on the impact of the adjustments on factor payments, income distribution and on macroeconomy such as GDP, prices and sectoral...

While the Philippines has enjoyed a sharp increase in non-trade financial inflows since 1980s, analysis shows that the experience is not unique, as it has been observed to occur in most developing countries. By conducting regression experiments relating the remittances of personal income with...

While the textile industry has been performing below par due to various factors, the garment industry has exhibited contrast despite weak support from other industries. Analysis shows that some of the sub-industries in the textile industry are technically inefficient but its output can be...

This paper develops and constructs a database for TFP estimation at the aggregate level and at the nine major sectors. A comparison of TFP estimates for different countries is conducted. In addition, a methodology is developed for TFP computation, which is afterwards applied to existing...

The paper argues that one of the major factors that led to the unsustained economic growth in the Philippines in the last 3 to 4 decades is low productivity. The paper surveyed empirical results on the Philippine total factor productivity (TFP) and has found that, indeed, TFP has been declining....