The experience of developing countries over 1990-2010 indicates that commodity prices have a significant impact on fiscal outcomes. Both revenue and expenditure rise in response to commodity (import or export) price increases; the response of the fiscal deficit is ambiguous. A floating exchange...

This paper examines the methodology for computing the export price index used by the National Census and Statistics Office, evaluates this methodology and the problems arising from its use, discusses an alternative methodology and proposes the adoption of the revised methodology to make the...

Under the Common Effective Preferential Tariffs (CEPT) scheme of the ASEAN free trade, tariffs on ASEAN products will be progressively reduced to 0-5 percent. Such move benefits exporters to ASEAN markets but harms local producers competing with ASEAN imports in the domestic market. Analysis of...

This article is presented before the 19th Annual Meeting of the Philippine Economic Society at the Manila Hotel on December 11, 1982. This article argues that in contrast with the industrial and trade policies in the past two decades that have promoted inward-looking industrial development,...

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 article is part of the NEDA-PIDS Seminar-Workshop on the Philippine System of National Accounts. It outlines the seminar’s major objectives and the problems and issues that need to be addressed. It argues that coordination among institutions can lead to effective resolution to sensitive...

This paper examines the methodology for computing the export price index used by the National Census and Statistics Office, evaluates this methodology and the problems arising from its use, discusses an alternative methodology and proposes the adoption of the revised methodology to make the...

The world trading environment has witnessed the proliferation of regional trading arrangements during the last decade. This development was accompanied by the perceived threat that this may bring to the rules-based multilateral trading system. The ASEAN for one have not only reaffirmed their...

This Selected Issues paper examines competitiveness and the equilibrium real exchange rate for Ghana. It estimates a behavioral equilibrium exchange rate model for Ghana to establish to what extent real effective exchange rate (REER) movements have been driven by an adjustment to its equilibrium...

We examine the impact of a six-fold increase in the global vanilla price on smallholder vanilla-farming households in Madagascar. The price increase leads to sizable gains in household assets and significant improvements in adult psychological well-being, cognitive performance, and optimism...