Macroeconomics Commons^™

Will The Philippine Development Plan 2023-2028 Targets Be Met?, Jesus Felipe

Angelo King Institute for Economic and Business Studies (AKI)

EARLY THIS YEAR, President Ferdinand Marcos, Jr. signed the Philippine Development Plan 2023-2028 (PDP). The document contains hundreds of targets. Some of the key targets to be attained by 2028 are as follows (in fact, the Plan provides yearly targets):

1.) an annual growth rate of 6.5-8% (since 2024); 2.) a gross national income per capita of $6,044-$6,571 (50% higher than that in 2023); 3.) inflation between 2%-4% (from 2.5%-4.5% in 2023); 4.) a government fiscal deficit of 3% (from 6.1% in 2023); 5.) a debt-to-GDP ratio of 48%-53% (from 60%-62% in 2023); 6.) an unemployment rate of 4%-5% (from …

Essays In Macroeconomics Of Development, Douwere Eric Grekou

Electronic Thesis and Dissertation Repository

This thesis consists of three chapters on macroeconomics of development. The first chapter discusses the impact of educational corruption on economic development. Its main contribution lies in quantifying two channels of educational corruption: a direct channel, whereby incompetent workers affect production due to a misallocation of talent, and a dynamic indirect channel, which can be referred to as a teacher’s effect on the availability of competent agents for production. The results suggest that, for the countries with the highest levels of educational corruption, the losses in output per capita induced by the indirect channel are ten times as large as …