This paper addresses the interdependency of farm household decisions by quantifying a demand for credit that considers not only the household’s loan needs but also its overall liquidity position. Analysis of results and its corresponding policy implications are also discussed.

As part of the Micro Impacts of Macroeconomic Adjustment Policies project, this study focuses on the manufacturing component of the industrial sector. Specifically, the paper highlights the sector’s export component. It traces the macro adjustment policies and the institutional reforms from...

Tax revenue forecasting is an essential input in the budgetary process. The ability to project and forecast future tax collections is an important element in the identification of future budgetary gaps and in the planning of new tax measures that may be needed to meet these needs. In addition,...

To shed light on the difficulties in discussing the issue of protectionism, this study analyzes the overall impact of non-tariff measures (NTM) to the Philippine exports. It also attempts to make an inventory of NTM imposed by United States, Japan and European countries, affecting most, if not...

In an attempt to examine the labor and employment policies of the Aquino Administration, this paper assesses the direction of future labor and employment policies by investigating the relevant bills filed in both houses of Congress. It also identifies areas in need of reforms.

This study assesses the Philippine monetary and banking policies with the view of identifying preferred policy options and features of a monetary and banking policy program supportive of overall economic growth and agro-industrial development. It describes the following: the impact of existing...

How are interest rates determined in an open economy after financial liberalization has taken place? This is the main question that this paper attempts to answer. Utilizing a model adopted from Edwards and Khan, the author explains how interest rates are determined by both domestic monetary...

Do guarantee programs lead to additionality in agricultural lending? Do guarantee programs contribute to small loans? Do guarantee programs encourage banks to use their own funds? Do guarantee programs reduce the cost of lending to banks and how cost effective are the guarantee programs? These...

Well-developed infrastructure systems and services are vital means of enhancing the connectivity of Asia-Pacific Economic Cooperation (APEC) member-economies. In essence, efforts by APEC to enhance connectivity through infrastructure should be considered regional public goods since these create...

The Philippines` recent economic performance has been remarkable amid the lingering slowdown in the global economy and the devastation brought about by recent natural disasters. The economy grew by 7.2 percent in 2013, substantially higher than its 6.8 percent growth in 2012. With GDP growth...