The Philippine Journal of Development: Its Beginning and Evolution

This paper traces the beginning and evolution of the Philippine Journal of Development--from its conception as a technical journal of the National Economic and Development Authority (NEDA), its transfer of management to the Philippine Institute for Development Studies (PIDS) in 1981, to its new challenges for the years ahead. First published in 1974, the Journal's objective was to serve as a vehicle for disseminating research-based papers not only on development issues affecting the Philippines and which had policy implications, but also on other aspects of development like public administration, foreign relations, political economy, business and the like.Philippine development, Philippine Journal of Development

Economic Growth and Defense Spending: Evidence on Causality for Selected Asian Countries

An earlier version of this paper has been presented in 1989 at the Institute for Strategic and International Studies in Kuala Lumpur. This paper tests the causality issue between defense spending and economic growth in the Philippines. The results of the tests are used to provide implications for Philippine policy development.economic growth, defense sector, causality

Monetary Instruments and the Control of Liquidity in the Philippines: Focus on Open Market Operations

Monetary policies refer to the actions of central banks aimed to achieve macroeconomic stability and to influence financial factors such as money and interest rate. This paper discusses the framework for analyzing how monetary instruments affect monetary targets and the advantages and disadvantages of various instruments dispensable by the central bank. It also argues for the use of open market operations.central bank, money and banking, financial system, financial stabilization, monetary policy, open market operations, monetary instruments

Survey and Assessment of Laws on the Informal Sector

This study classifies the laws affecting the informal sector and assesses the extent of the empowerment of the sector based on the provisions in the laws that allow for organization, decision making mechanisms and transfer of power from the traditional center to another. Results indicate that, to some extent, four groups within the sector are accorded empowerment through Philippine laws: the agricultural sector, small and medium enterprises, industrial home workers and cooperatives. These groups are allowed to form organizations and to participate in decision making bodies. Decision making is accorded to certain groups among informal sector, which, in some cases, comprise the majority members in decision making bodies. Nowhere among the laws is a shift of power provided from the traditional or government decision makers to the informal sector. However, certain groups within the IS have participated in the institution of some policies and the realization of programs for their own advantage.informal financial sectors, small and medium enterprises

Currency Devaluations, Product Pricing and Trade Deficits

This paper explains why currency movements and trade volumes, while theoretically related, have minimal effect on each other, in practice. In addition, it argues that volatile currency movements and trade deficits are not beneficial in the long run. A separate set of measures on how to deal with each issue is also discussed.trade sector, devaluation, foreign exchange liberalization, currency and banking crisis

Survey and Assessment of Laws on the Informal Sector

This study classifies the laws affecting the informal sector and assesses the extent of the empowerment of the sector based on the provisions in the laws that allow for organization, decision making mechanisms and transfer of power from the traditional center to another. Results indicate that, to some extent, four groups within the sector are accorded empowerment through Philippine laws: the agricultural sector, small and medium enterprises, industrial home workers and cooperatives. These groups are allowed to form organizations and to participate in decision making bodies. Decision making is accorded to certain groups among informal sector, which, in some cases, comprise the majority members in decision making bodies. Nowhere among the laws is a shift of power provided from the traditional or government decision makers to the informal sector. However, certain groups within the IS have participated in the institution of some policies and the realization of programs for their own advantage.informal financial sectors, small and medium enterprises

Economic Growth and Defense Spending: Evidence on Causality for Selected Asian Countries

An earlier version of this paper has been presented in 1989 at the Institute for Strategic and International Studies in Kuala Lumpur. This paper tests the causality issue between defense spending and economic growth in the Philippines. The results of the tests are used to provide implications for Philippine policy development.economic growth, defense sector, causality

Foreign Investments in Philippine Agriculture

This article measures the amount of foreign participation, direct and indirecin Philippine agriculture. However, due to insufficient time and inadequate data, its aim has been reduced to aid further research on the effects of foreign participation in Philippine agriculture.agriculture sector, investment

Simulating the Impact of Macroeconomic Policy Changes on Macronutrient Availability in Households

This study estimates a system of food demand equations utilizing nationally representative survey data. These estimates are then used to set-up a model that can use price and income changes from simulating a general equilibrium model to determine the impact of changes on macroeconomic policy on the nutritional status of households. Results indicate that the tariff reform program has a more progressive impact on nutrition than on income.computable general equilibrium (CGE)