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...

The Ramos administration has inherited an economy that is in a state of recession. Despite this discouraging condition, this paper argues that this need not dishearten policymakers. Instead, they should take advantage of the stabilized Philippine macroeconomic conditions. The best way to do this...

This paper discusses the policy regime that defines the revenue structure of the different levels of government during the period 1976-1991. It also analyzes the patterns of revenues and finances and the fiscal responsibilities assigned to LGUs. Several issues and prospects on fiscal federalism...

This study analyzes the nature and role of rural nonfarm employment in development. It also traces the growth of nonfarm activities in the Philippines and determines the extent of their contribution to the transformation of the rural sector. In particular, it describes the structure of nonfarm...

While this paper presents a Philippine perspective on Japanese and US official development assistance to the Philippines, it does not attempt to quantify its contributions to development. Rather, it reviews the flows of Japanese and US assistance in terms of both quantity and quality. It also...

To analyze the impact of the Gulf Crisis on the Philippine economy, this paper describes the current state of the economy and the energy policy of the government. It documents and describes in detail the policy measures adopted by the government to deal with the impact of the Gulf Crisis....

Within the context of “NIC-hood,” this paper advances that the country and the government should understand and situate the parameters of Philippine development. It also asserts that rethinking agricultural development and strengthening of industries and tradable services should be made.

This article is presented before the 19th Annual Meeting of the Philippine Economic Society at the Manila Hotel on December 11, 1982. It covers some concerns about the Philippine economic environment within the context of a world economy that may continue experiencing real growth deceleration....

This paper looks at the Philippine postwar growth within a comparative framework, utilizing the record and experience of ASEAN countries as a background. It also looks into the consequences of the rate and pattern of growth on structural changes, income distribution, savings and other variables....

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.