This paper distills some policy lessons from the financial services integration program in the European Union for East Asia. Focusing on the improved cross-border facilitation of financial flows rather than on general macroeconomic factors related to optimal currency area formation, the paper...

As a result of changing conditions in the world market and increasing global competition, trade and integration arrangements have become a part of economic and development strategies of countries. Bilateral economic partnerships or Free Trade Agreements are seen as an option in creating a stable...

The paper looks into the S&T/R&D-MNAAP by examining whether the strategies, programs and activities set are able to address the real issues surrounding the S&T sector. The paper discusses the major insights drawn from the recent study conducted by PIDS on R&D and compares these with the programs...

Recently, one of the most highly controversial reforms implemented in the Philippines is the trade reform program. It includes tarrification of quantitative restrictions, the simplification of tariff rates structure and the reduction in the tariff protection. This paper discusses the effects of...

As suggested by vast literature, the Philippine economy has performed poorly over the last three decades due to deterioration in productivity. This paper provides an updated productivity estimates for the manufacturing industries over the period 1956-1992. This paper decomposes this industry...

With globalization and advances in information and communication technology (ICT) leading to growing international production sharing, amidst the increasing trend in preferential trading arrangements (PTAs), rules of origin (ROO) has been beset with difficult recurring issues. First and foremost...

Using data from 3,120 farm households surveyed in 2000 and 2006, the paper tests for factors that affect the degree and extent of households’ participation in the rural land rental market. The survey period coincided with the full implementation of the Comprehensive Agrarian Reform Program...

This study evaluates the absorptive capacity of a government agency for domestic and external funds. It takes the case of the Department of Public Works and Highways (DPWH), one of the biggest recipients of funds from government and foreign sources. Specifically, the paper a) provides an...

Historically, the economic relations between the Philippines and Japan have been shaped by factors leading to the movements of goods, capital and people. Lately, the interspatial transfer of people has been defined by the asymmetric needs of each country. Considering the demographic changes in...

This paper documents the interactions among borrowers that consist a group assuming joint liability. It describes the participants of group credit, their reasons for joining the group and the conditions why members are willing to assume other people’s debt.