Canlas, Dante B. - In: Philippine Review of Economics 42 (2005) 1, pp. 1-9
The paper examines the behavior of the growth rates of real GDP, employment and unemployment in the recent past decade … Surveys (LFS). Real GDP per worker exhibits extreme volatility and seems to deviate from its expected pro-cyclical nature …. When linked to the monetary accounts, real per capita GDP suggests a surprisingly low elasticity of money demand with …