This paper demonstrates the feasibility of constructing a supply-determined top-down econometric model for a Philippine region. The specification, estimation, historical simulation, and ex-post forecast of the model for Region 7 (Central Visayas) are presented. The simulations show that the...

The following note seeks to clarify the appreciation of data pertaining to agrarian reform as used in the discussion paper “CARP: time to let go” (henceforth Fabella (2014)). Fabella (2014) has three parts: the first part argues that “the cumulative weight of evidence suggests that the...

We show that an output sharing scheme with an egalitarian bias is inconsistent with first best production level in a team with self-interested nonidentical members.

A comparative-static model describes the decline of manufacturing in the face of rising overseas employment through a mechanism other than the Dutch Disease. Instead it is competition for skilled labour and the relative ease in producing skills that affect the size of the manufacturing sector,...

In order to measure the intrinsic effect of schooling on wages for adolescents and young adults from four villages in rural Guatemala, this paper estimates different wage specifications that have been suggested in the human capital literature. Successively accounted for are potential sources of...