In this paper, the dynamic effects of exchange rate changes in the Philippines in 1970-1980 are examined and compared with those found by Bautista for 1956-1968, using his supply oriented macroanalytic model. The effectiveness of devaluation as a policy instrument for increasing employment,...

Causes of crime were sought in individual's characteristics, sociological aspects and illicit drug use. Since the pioneering work of Gary Becker (1968), economists have analyzed determinants of crime from the perspective of the offender's rational decision to participate in illegal activities....

Rao's solution of the estimation equations in the maximum likelihood method of factor analysis is derived in this paper in a model wherein Morrison's specific-factor variate ei is replaced by ¦Ä1U1 and the covariance structure, by the correlation pattern. The correlation pattern is used, at...

In this paper, a method which is different from that used by Leontief in testing the validity of the conclusions of the Heckscher-Ohlin theorem is recommended. We note that the empirical significance of the theorem can be established only if both its assumptions and its conclusions are...

This paper compares trends in key economic, political and social development outcomes in the Philippines with those of Latin America, particularly since the 1990s. To do so, it uses standard indicators of development, including measures of institutional quality and good governance. The paper...