A Small Macroeconometric Model of the Philippine Economy

A Small Macroeconometric Model of the Philippine Economy
Author: Geoffrey Ducanes
Publisher:
Total Pages: 70
Release: 2005
Genre: Business & Economics
ISBN:

Two reports issued by the Asian Dev't. Bank: (1) Describes a small quarterly macroeconometric model of the Philippine (PH) economy. The model consists of sectors of private consumption, invest., gov't., trade, production, prices, money, & labor. The tracking perform. of the model is evaluated & found satisfactory. The PH gov't. must address its debt problem for it to achieve higher future growth. It is highly vulnerable to external shocks. (2) Assesses empirically the sustainability & feasibility of the gov't. debt in the PH using the No Ponzi Game criterion. Both historical data & forecasts generated by a quarterly macroecon. model of the Philippines are used in the assessment. Stochastic simulations are carried out to mimic future uncertainty. Illus.

Macroeconometric Models

Macroeconometric Models
Author: Władysław Welfe
Publisher: Springer Science & Business Media
Total Pages: 435
Release: 2013-02-15
Genre: Business & Economics
ISBN: 3642344682

This book gives a comprehensive description of macroeconometric modeling and its development over time. The first part depicts the history of macroeconometric model building, starting with Jan Tinbergen's and Lawrence R. Klein's contributions. It is unique in summarizing the development and specific structure of macroeconometric models built in North America, Europe, and various other parts of the world. The work thus offers an extensive source for researchers in the field. The second part of the book covers the systematic characteristics of macroeconometric models. It includes the household and enterprise sectors, disequilibria, financial flows, and money market sectors.

The Philippine Economy

The Philippine Economy
Author: A. M. Balisacan
Publisher: Oxford University Press, USA
Total Pages: 496
Release: 2003
Genre: Business & Economics
ISBN: 9780195158984

An examination of all major facets of the Philippine economy and development policy, this title looks to the past and to the future using approaches that are descriptive, analytical, interpretive and comparative. It assesses trends since the 1980s, identifies major policy issues, and provides a balance sheet of achievements and deficiencies.

Econometric Models of Asian-Pacific Countries

Econometric Models of Asian-Pacific Countries
Author: Shinichi Ichimura
Publisher: Springer Science & Business Media
Total Pages: 507
Release: 2012-12-06
Genre: Business & Economics
ISBN: 4431682589

This book is a sequel to our first report of ASIAN LINK PROJECT in 1985: Econometric Models of Asian LINK, Springer-Verlag, Tokyo - Berlin - New York. Now the scope is expanded to Asian-Pacific Countries in coverage, so that this monograph presents the econometric models of Japan, the United States, Canada, China, Korea, Taiwan, Hong Kong, Thailand, the Philippines, Malaysia, Singa pore, Indonesia, Australia and the European Community. We are particularly happy to have included the excellent models of Australia and Canada whose economies are essential parts of the Asian-Pacific Economic Community. Most of those models were presented at the Workshop of Asian Link Project held in Bandung, Indonesia at the time of the Second Convention of the East Asian Eco nomic Association, 1990. Those models have been up-dated since then, and several other important models were added. Unlike our previous book, we have not tried here to link these national models as a regional or global model in any way, ex cept for the model by S. Kinoshita which offers a regional linkage for Pacific-basin economies by linking the US, Japan, Canada, the European Community coun tries as a group, Asian NIEs (Korea, Hong Kong, Taiwan), ASEAN (Indonesia, Malaysia, the Philippines, Singapore) and East Asian economies. As we argued in our previous publication, we tried to publish these econometric models again with the statistical data as much as we could, so as to enable the reader examine the estimation and performance of the models by himself.

Poverty in the Philippines

Poverty in the Philippines
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 188
Release: 2009-12-01
Genre: Social Science
ISBN: 9292547410

Against the backdrop of the global financial crisis and rising food, fuel, and commodity prices, addressing poverty and inequality in the Philippines remains a challenge. The proportion of households living below the official poverty line has declined slowly and unevenly in the past four decades, and poverty reduction has been much slower than in neighboring countries such as the People's Republic of China, Indonesia, Thailand, and Viet Nam. Economic growth has gone through boom and bust cycles, and recent episodes of moderate economic expansion have had limited impact on the poor. Great inequality across income brackets, regions, and sectors, as well as unmanaged population growth, are considered some of the key factors constraining poverty reduction efforts. This publication analyzes the causes of poverty and recommends ways to accelerate poverty reduction and achieve more inclusive growth. it also provides an overview of current government responses, strategies, and achievements in the fight against poverty and identifies and prioritizes future needs and interventions. The analysis is based on current literature and the latest available data, including the 2006 Family Income and Expenditure Survey.

World Development Report 2009

World Development Report 2009
Author: World Bank
Publisher: World Bank Publications
Total Pages: 410
Release: 2008-11-04
Genre: Political Science
ISBN: 082137608X

Rising densities of human settlements, migration and transport to reduce distances to market, and specialization and trade facilitated by fewer international divisions are central to economic development. The transformations along these three dimensions density, distance, and division are most noticeable in North America, Western Europe, and Japan, but countries in Asia and Eastern Europe are changing in ways similar in scope and speed. 'World Development Report 2009: Reshaping Economic Geography' concludes that these spatial transformations are essential, and should be encouraged. The conclusion is not without controversy. Slum-dwellers now number a billion, but the rush to cities continues. Globalization is believed to benefit many, but not the billion people living in lagging areas of developing nations. High poverty and mortality persist among the world's 'bottom billion', while others grow wealthier and live longer lives. Concern for these three billion often comes with the prescription that growth must be made spatially balanced. The WDR has a different message: economic growth is seldom balanced, and efforts to spread it out prematurely will jeopardize progress. The Report: documents how production becomes more concentrated spatially as economies grow. proposes economic integration as the principle for promoting successful spatial transformations. revisits the debates on urbanization, territorial development, and regional integration and shows how today's developers can reshape economic geography.

Infrastructure and Economic Growth in Asia

Infrastructure and Economic Growth in Asia
Author: John Cockburn
Publisher: Springer
Total Pages: 156
Release: 2013-12-05
Genre: Business & Economics
ISBN: 3319031376

Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be a highly effective tool in fighting poverty reduction1. In that context, the financing of infrastructure has been a critical element of most economic growth and poverty reduction strategies in developing countries, since the start of this millennium. This book provides a comparative analysis of the aggregate and sectoral implications of higher spending on infrastructure in three very different Asian countries: China, Pakistan, and the Philippines. Particular attention is paid to the role of alternative financing mechanisms for increasing public infrastructure investment, namely distortionary and non-distortionary means of financing. The book will be of interest to scholars and policy-makers concerned with economic growth in developing countries.

Decomposing the Inflation Dynamics in the Philippines

Decomposing the Inflation Dynamics in the Philippines
Author: Mr.Si Guo
Publisher: International Monetary Fund
Total Pages: 20
Release: 2019-07-12
Genre: Business & Economics
ISBN: 1498319327

Inflation rates rose sharply in the Philippines during 2018. Understanding the demand and supply sources of inflation pressures is key to monetary policy response. Qualitatively, indicators have pointed to evidence of inflation pressures from both sides in 2018, with the supply factors, by and large, associated with commodity-price shocks and demand factors deduced from gleaning at the wider non-oil trade deficits seen in the Philippines. Quantitatively, we deploy a semi-structural model to decompose the contributions of various shocks to inflation. Our main findings are (1) supply factors (mainly global commodity prices) played a prominent role in explaining the rise in inflation in 2018; (2) demand factors also contributed to inflation in a non-negligible way, justifying the need for tighter monetary policy in 2018; (3) the size of the estimated output gap (an important indicator of demand pressures) could be larger, when considering the widening trade deficits in 2018; and (4) a delayed monetary policy tightening can be costly in terms of higher inflation rates, requiring larger and more aggressive interest rate hikes to bring inflation under control, based on a counterfactual exercise.