Under the present system of income taxation in the Philippines, there is a differential burden created by the corporate income tax on shareholders' incomes vis-a-vis other types of personal income. Corollarily, within the corporate sector, a built-in incentive exists in favor of debt finance,...

Why has the living standard of the Philippines relative to that of the U.S. not risen unlike its Asian neighbors? Using data on national income accounts and the workforce from the Penn World Table (version 6.1) and years of schooling from Barro and Lee (2000) as well as a simple neoclassical...

This study looks at the minimum wage fixing in the Philippines after World War II. The rationale for such a wage policy is discussed, followed by a description of the guidelines observed in the setting of wage differentials in the legislations. Then the coverage and implementation of the minimum...

We show that (1) a social ordering on R 0 that satisfies Strong Paretoness, Invariance with respect to a Positive Proportional Transformation and Lower Semi-Continuity does not exist and (2) that a social ordering or R 0 that satisfies Weak Paretoness, Invariance with respect to an Affine...

Local governments in less developed countries (LDCs) are generally faced with the problem of inadequate fiscal resources, with much more severity than their counterparts in the more developed countries. There are a number of reasons for this state of affairs. In a country where there is...

Under the various types of externality defined on the basis of which entity or entities are involved and the direction of the effect, diseases and other health and physical hazards are theoretically depicted using as conceptual framework the relationship between (a) production functions; (b)...