For decades, the conventional wisdom for a developing nation striving to achieve an impressive economic growth has been to carve a niche in the global marketplace. However, empirical findings of various research studies on the “export-led growth” hypothesis do not provide a solid evidence to...

The hypothesized trade-off relationship between inflation rate and unemployment rate has been known as the “Phillips curve”. Though the Phillips curve has played an important role in the decision-making process on macroeconomic policy, there have been critics who doubted the existence of the...

This paper uses the Generalized Method of Moments (GMM)-type of estimator of Arellano and Bond (1991) to analyze the dynamics of adjustment in foreign aid allocation over the period 2000-2005. The empirical findings reveal a complex nature of foreign aid allocations. On the one hand, the static...

: Developed countries have been allocating vast amounts of funds as foreign aid to developing nations. However, foreign aid policy has been attracting a lot of criticism. One prominent criticism is that foreign aid allocations have not been determined by the needs of the recipient countries....

: This study employs panel data analysis to examine the relationship between exports and economic growth in five ASEAN (Association of South East Asian Nations) countries (i.e., Malaysia, Indonesia, the Philippines, Singapore and Thailand). Three separate methods have been used: (1) Pooled...

This paper employs several econometric methods to test the validity of the "export-led growth" hypothesis in three BIMP-EAGA countries, i.e., the Philippines, Indonesia, and Malaysia. Firstly, the study uses Johansen cointegration test and Granger causality test to examine the relationship...

This study employs Hansen's (2000) threshold regression analysis to examine the relationship between population growth and per capita GDP in 117 countries. Threshold regression analysis allows controlling the quality of population when examining the relationship between the quantity of...

This study investigated stationary process in real per capita Gross Domestic Product (GDP) in nine ASEAN countries, namely, Brunei, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. It employed both the ‘first generation' and the ‘second...

This article empirically analyzes the relationship between unemployment rate and inflation rate in the Philippines over the period 1980-2006. The negative association between unemployment and inflation is known as the Phillips Curve because the trade-off relationship between these two variables...