Not seeing that the power of taxation of the state is the true expression of national patrimony in economic matters, the framers of the 1935 Constitution introduced provisions on the use and disposition of land and natural resources vesting exclusive rights of exploitation to citizens. This also...

This paper provides the algebra and a panel diagram to attempt to examine the so-called inflation- unemployment (or Phillips curve, or aggregate supply) example, the most popular example in the literature when introducing the concept of “time inconsistency” or “dynamic inconsistency”....

The Philippine electronics industry is typical of foreign capital-led industrialization. The Philippines wants to develop the supporting industries for electronics in order to localize the electronics industry. The Philippines wishes to foster the development of local suppliers and wishes to...

We examine the three options at the policymakers disposal to pull the Philippine economy out of the currency crisis and propel it to a sustainable growth orbit: the BSP option, the incentives restructing option, and the protectionist option. In a situation of financial panic and the resulting...

Starting with the premise that technological innovation and economic growth are interactive and mutually reinforcing, this paper argues that in order to have a fighting chance in the Asean Economic Community (AEC), let alone global, competition, the Philippines (PH) needs to appreciably ramp up...

The paper presents simple theoretical model of migration decision using the Neoclassical approach to the individual choice problem. The prospective migrant is depicted as making a decision on the basis of a comparison of the result of a constrained utility maximization problem, and his present...

Using data from the 2008 National Demographic and Health Survey, we ask whether women's economic empowerment -defined alternatively as having the ability to decide on (i) daily needs, (ii) major purchases, and (iii) spending own income - protects women against domestic violence. Using a simple...