The paper tries to explain why women in the Philippines, as yet a low middle income country, obtain higher levels of education than boys. Four empirically based reasons are posited - the substantial expansion of the education system, the growth of job opportunities, the culture that encourages...

The paper tries to explain why women in the Philippines, as yet a low middle income country, obtain higher levels of education than boys. Four empirically based reasons are posited – the substantial expansion of the education system, the growth of job opportunities, the culture that encourages...

The administration of President Ferdinand Marcos Jr. is pushing for the creation of the Maharlika Investment Fund (MIF). Originally proposed as a sovereign wealth fund, the MIF later on morphed into what can be called a sovereign investment fund (SIF): a state-owned investment fund that aims to...

This paper provides a review of the empirical evidence cited in the current public discussions on removing the remaining constitutional restrictions on foreign-equity ownership in certain economic sectors. A fuller appreciation of the given evidence shows that lifting equity restrictions is not...

The administration of President Ferdinand Marcos Jr. is pushing for the creation of the Maharlika Investment Fund (MIF). Originally proposed as a sovereign wealth fund, the MIF later on morphed into what can be called a sovereign investment fund (SIF): a state-owned investment fund that aims to...

We are pleased to note that the discussion paper we wrote ("How to change a constitution by handwaving") has attracted some interest from the public and observers of economic policy. Among the more thoughtful responses the paper has received is that from the Foundation for Economic Freedom...

Was the episode of high inflation in the Philippines in 2022 driven primarily by supply or demand factors? How did the relative contributions of supply and demand evolve over time? This study adopts the methodology proposed by Shapiro (2022) and Shapiro (2023) to disaggregate Philippine...

This study investigates the role of school resources in different measures of student performance in public elementary schools in the province of Palawan. We contend that it is not enough to identify which school resources matter the most, but that it would be more informative for policy...