Growth and Development Commons^™

Determining The Directional Flows Of Foreign Direct Investments In The Asean Region: Key Macroeconomic And “Doing Business” Indicators Affecting The Direction Of Asean Fdi Inflows And Its Impact On Intra- And Extra-Asean Trade, Roberto Raymundo

Angelo King Institute for Economic and Business Studies (AKI)

Job creation, increasing household income, and the improvement of living standards do not only depend on the provision of adequate social services and government infrastructure support, but more so, on the growth and expansion of private sector investments. The creation of new jobs and the expansion of manufacturing productive capacity are roles better performed by the private sector rather than by governments constrained by the amount of resources that they can mobilize through taxation.

Sapat Na Ba Ang Pagsesenyas Upang Tugunan Ang Di-Pagtutugma Sa Bilihan Ng Paggawa, Tereso S. Tullao Jr

Angelo King Institute for Economic and Business Studies (AKI)

Sa harap ng maraming teorya at pananaw sa pagpapaliwanag tungkol sa pagkakaroon ng di-pagtutugma ng kasanayan, sa isang banda, at sa pangangailangan ng mga kompanya, sa kabilang banda, sa bilihan ng paggawa, ang di-timbang na impormasyon ang nangingibabaw na paliwanag. Subalit sa lawak ng impormasyong kinakailangan, at sa magastos na paglikom ng impormasyon, ang mekanismo ng pagsesenyas sa bilihan ng paggawa na isinasagawa ng pamahalaan ay maaaring magkulang sa pagsasara ng agwat sa impormasyon. Ang kakulangang ito ay nagiging lantad kapag lumalabas na ang ganap na impormasyon ay nangyayari lamang sa aktuwal na kapaligiran ng trabaho. Sa aktuwal na trabaho, …

An Alternative Framework For Sectoral Contributions To Gdp Level And Growth: Application To The Philippines, Jesus C. Dumagan

Angelo King Institute for Economic and Business Studies (AKI)

This paper applies relative price weights–where relative price is the ratio of a sector’s GDP deflator to the aggregate GDP deflator–to convert sectoral real GDP to homogeneous units using the economy’s GDP as “numeraire” in an alternative framework for GDP level aggregation and growth decomposition. This alternative and the “traditional” framework–without relative price weights–are compared and applied to Philippine GDP to show that the latter framework is deficient and misleading for its inability to determine the effects on GDP growth of changes and differences in sectoral relative prices that need to be taken into account.

Consistent Level Aggregation And Growth Decomposition Of Real Gdp, Jesus C. Dumagan

Angelo King Institute for Economic and Business Studies (AKI)

This paper formulates a general framework for consistent level aggregation and growth decomposition of real GDP. However, the focus is on US GDP in chained prices based on the Fisher index since this GDP motivated this paper’s purposes. These are to explain why problematic residuals‒in contributions to US GDP level and growth “not allocated by industry”‒ show up in the existing framework by the Bureau of Economic Analysis and, therefore, to propose an alternative framework for consistent level aggregation and growth decomposition where residuals cannot arise. This paper’s residual-free framework applies to real GDP regardless of the underlying indexes, i.e., …

Monitoring The Philippine Economy Year-End Report For 2013, Mitzie Irene P. Conchada

Angelo King Institute for Economic and Business Studies (AKI)

Philippine economic growth for the year 2013 exceeded expectations – posting a 7.2 growth despite devastation brought about by the Zamboanga crisis and natural calamities. Economic performance: Upward trend in the demand side was driven by consumer spending and domestic investment; on the other hand, the main growth factor for the supply side was the services sector.

Career Guide: Wholesale And Retail Trade Policy Brief (Wrt), Paulynne J. Castillo, Christopher James R. Cabuay

Angelo King Institute for Economic and Business Studies (AKI)

The WRT industry is a leading employer in the Philippines, with an annual average of 18-19% of total Philippine employment from 2006-2010. It contributed an average of 16.85% annually to the country’s gross domestic product, 2006- 2009. The wholesale subsector’s share was an average of 3.98% annually, while the retail subsector’s was an average of 12.87% annually. WRT is poised to continuously support the country’s bid to sustain economic growth and be a dominant force in the labor market.

Signal Extraction From The Components Of The Philippine National Accounts Statistics Using Arima Model-Based Methodology, Cesar C. Rufino

Angelo King Institute for Economic and Business Studies (AKI)

The state-of-the-art in signal extraction gradually evolved from the use of mechanical form of moving average filters to the present sophisticated model-based techniques capable of performing automatic modeling and signal extraction involving hundreds or even thousands of time series in one production run. The leading edge of technology is being shared by two ARIMA model-based systems – ARIMA X12 of the US Bureau of Census and the twin programs TRAMO-SEATS developed at the Bank of Spain. These specialized expert systems have been adopted by most statistical agencies of advanced OECD countries and the European community. The Philippines on the other …

Stubborn Unemployment And Employment Vulnerability In The Midst Of Economic Growth: The Philippine Case, Emily Christi A. Cabegin, Lawrence B. Dacuycuy, Michael M. Alba

Angelo King Institute for Economic and Business Studies (AKI)

The Philippines was ushered into the new millennium with an economic expansion associated with domestic labor market conditions, unlike those of the last decade of the twentieth century. Characterized by a worsening, even-though-already-high, open unemployment rate and underemployment and a persistently pervasive vulnerable employment, the economy provided a bleak picture for workers in marked contrast to the more inclusive nature of the growth episode in the 1990s (before the Asian financial crisis).

Evolution Of Philippine Businesses: Response To Internal And External Turbulence: Review Of Literature And A Framework For A Research Program, Ma. Andrea L. Santiago

Angelo King Institute for Economic and Business Studies (AKI)

The Philippine business environment undoubtedly is characterized as having a boom and bust cycle. It has not been able to take off as compared to its neighboring countries (Lim, 1999). Now more than ever, the political and economic environment has become a big challenge for many local businesses.

In spite, or because, of the current environment there are businesses that continue to prosper. On the one extreme are the large conglomerates that have the muscle to withstand major shocks and the on other are the smaller entrepreneurial ventures that are flexible and able to seize upon opportunities quickly.

In trying …

The Influence Of Group Affiliation And Ownership Structure On Emerging Market Ipos: The Case Of The Philippines, Michael J. Sullivan, Angelo A. Unite

Angelo King Institute for Economic and Business Studies (AKI)

In this paper we report initial returns and long-run performance of IPOs in the Philippines over the period 1987-1997. Within this context we investigate the differential effects on IPO returns of offer size, firm age, industry, market timing, ownership structure, and company affiliation. We find average initial returns of 22.69% for a sample of 104 company IPOs over an 11-year period, 1987 through 1997, and three-year aftermarket adjusted returns of -5.44% for a subset of 65 of these companies. Factors commonly found to affect the level of IPO underpricing are not found significant in the Philippines. Instead, we find that …