Among the East Asian crisis economies, Indonesia has been by far the worst affected. Its economic contraction has been about twice as large as the next most affected economy, Thailand. It is the only crisis economy to experience serious inflation. Its political turmoil and social tension have...

This paper reports on research exploring the relationship between female work participation and fertility in the Philippine setting. One innovation of this research is the collection of household survey data which includes information, unavailable in past Philippine data sets, on the work and...

This study is literally about missing tax revenues. In an environment of declining public school quality and student test scores, classroom, textbook and teacher shortages, inadequate supplies of public health facilities, roads and ports, not to mention shortfalls in tax collections, where did...

One can in principle calculate the impact of a development project on various areas of concern to the policymaker. While some relationships among variables are specific to a particular project, there are also relationships that are common to all projects. A model of a latter would therefore be a...

Using the United States constitution as yardstick for its essential simplicity and completeness in describing the structure of government, the constitutions of twenty-two countries were studied for their language style, brevity and coverage of provisions. Most constitutions of later years have...

A fallacy is often based on a correct argument but applied to a wrong set of circumstances. A myth is a worse form of fallacy because it is not true or correct. Myths and fallacies are used across the spectrum of debates on economic policies. Some fallacies keep acquiring a life of their own,...

Results of various experiments reported in recent literature have shown repeated violations of expected utility theory. In the model of this paper, expected utility is only first of three criteria that determine choices under uncertainly--the second criterion is the probability of doing better...

The prohibition of the sale or usufruct of land under the Comprehensive Agrarian Reform Law has, in effect, destroyed the legal land market and, in its wake, the legal rural credit market. These markets have gone underground resulting in very high transaction cost and bankruptcy to farmers....