About two-thirds of the Philippine population resides in the rural areas, earning an average family income of only half of their urban counterparts. It is therefore, not surprising that much interest has been expressed in the progress of rural development strategies, the impact they have had on...

The electric-power generation and distribution (EPGD), which is a traditional instrument of economic growth and is tapped to serve regional development, social equity and other objectives, has felt most the effects of liberalization. For it to contribute to economic adjustment, the government...

The purpose of this paper is to review and evaluate the existing works on tax revenue forecasting in the Philippines. The review is intended to provide insights on the particular problems involved in the formulation and estimation of a revenue-forecasting model and thus, set the stage for the...

While taxation is by far the most well researched area on public finance, there has been a dearth of studies conducted in the government expenditure, budget process and public debt arena. Moreover, the volume of studies conducted are heavily concentrated on the 1960s and on the 1970s, interest...

This study of Philippine employment in the 1970s presents a review of the literature on the employment experience in the 1970s,which concentrates on those studies dealing primarily with the demand component of the labor market and highlights a number of policy-related issues that have emerged in...

Utilizing the Annual Survey of Establishments from 1978 to 1987, this paper makes an econometric estimation of the production parameters for the Philippine manufacturing and services sectors. The value added functions are then estimated using the translog cost functions and normalized quadratic...

This paper reviews the monetary and credit policies that directly or indirectly bear on the rise and fall of informal credit markets. It also describes the responses of the formal financial sector to the challenges of the informal sector and/or the opportunities in the financial markets.

The impact of government policies on forest resource utilization is analyzed using two conceptual frameworks. The first focuses on determinants of resource depletion and the rate at which the resource is extracted by economic activity while the second focuses on the impact of government policies...

Very little has been written about the informal credit markets (ICMs) despite their prevalence in the economies of LDCs. This is probably due to the imported economic theories applied to LDCs. Such theories assume that the features in advanced economies are present in LDCs. Consequently, the...

This paper attempts to estimate the magnitude and direction of capital flows between agriculture and non-agriculture sector. It also measures the extent to which government price intervention policies may have counted for these flows. Some implications for the strategy of balanced...