The economy of the Philippines is open to trade and capital inflows, and has grown rapidly since 2002. Over the last 10 … years, however, domestic investment, while stagnant in real terms, has shrunk as a share of GDP. In an open and growing … economy, why the decline? Three reasons explain the puzzle. First, the public sector cannot afford expanding its investment at …

The economy of the Philippines is open to trade and capital inflows, and has grown rapidly since 2002. Over the last 10 … years, however, domestic investment, while stagnant in real terms, has shrunk as a share of GDP. In an open and growing … economy, why the decline? Three reasons explain the puzzle. First, the public sector cannot afford expanding its investment at …

Philippines and failed to mitigate national security concerns. Our findings imply that changes in the constellation of local …