An application of the balance of payments constrained growth model to the Philippine economy
| dc.contributor.advisor | Debuque-Gonzales, Margarita | |
| dc.contributor.author | Diaz, Edward A. | |
| dc.contributor.author | Medalla, Julian C | |
| dc.date.accessioned | 2024-10-01T02:10:27Z | |
| dc.date.available | 2024-10-01T02:10:27Z | |
| dc.date.issued | 2017-02-22 | |
| dc.description.abstract | This paper applied the balance-of-payments (BOP) constrained growth model to analyze the economic growth of the Philippines using time series data from 1960-2015. The researchers used the ordinary least square method to test the relationship between actual growth rates and those predicted by Thirlwall‘s Law. Aside from using the first generation model of Robert Thirlwall, a modified version was also used to incorporate the impact of remittances of the overseas Filipino workers. The period under study was also divided into subperiods based on the significant shifts toward trade liberalization. Using data from the BOP and national income accounts, the results of the study indicate that the Philippine economy is BOP-constrained for the entire period as well as for five out of the ten subperiods. From a policy stand point, the results suggest that policies that strengthen exports of goods and services, remittances and foreign direct investments continue to be well advised for they relax the BOP constraint. | |
| dc.identifier.uri | https://selib.upd.edu.ph/etdir/handle/123456789/518 | |
| dc.language.iso | en | |
| dc.subject | balance of payments | |
| dc.subject | remittances | |
| dc.subject | foreign direct investment | |
| dc.title | An application of the balance of payments constrained growth model to the Philippine economy | |
| dc.type | Thesis |