Analysis of pertinent data shows that Krugman’s warning about the serious repercussions of a number of disinflation methods is relevant for the Philippine case. While financial managers have correctly responded during the crisis years, policy responses during the recovery phases from 1986-1995...

This paper tests the causality issue between defense spending and economic growth in the Philippines. The results of the tests are used to provide implications for Philippine policy development.

An earlier version of this paper has been presented in 1989 at the Institute for Strategic and International Studies in Kuala Lumpur. This paper tests the causality issue between defense spending and economic growth in the Philippines. The results of the tests are used to provide implications...

In an attempt to provide sound analysis of how the current administration fared, this paper discusses not only the recent performance of the Philippines but its prospects for the next two years as well. It also analyzes the economic policies undertaken in recent years and examines some...

This paper describes the nature of structural adjustments necessary for the economy to bounce back to life. This is accompanied by an analysis of the performance of the Philippine economy in 1989.The prognosis for the next two years is also examined.

Research and development (R&D) is an important resource for sustained economic growth. New knowledge created by a firm has spillover effects that improve the productivity of other firms and even other sectors. This is the heart of endogenous growth theory. In this framework, government policies...

This paper tests the causality issue between defense spending and economic growth in the Philippines. The results of the tests are used to provide implications for Philippine policy development.

An earlier version of this paper has been presented in 1989 at the Institute for Strategic and International Studies in Kuala Lumpur. This paper tests the causality issue between defense spending and economic growth in the Philippines. The results of the tests are used to provide implications...

Over the past sixty years, the concept of development has expanded from economic growth and investment, to poverty reduction, human development, sustainable development, and more recently to institutional development. There has also been a fresh look at industrial policy and the role of the...

Plagued by political instability, energy crisis and natural disasters, this paper attempts to forecast economic performance in the next two years. Against the backdrop of 1990 economic trends, prospects for the next two years and crucial development during the period are presented.