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Item Restricted Endogenous growth theory: an empirical analysis using panel regression(2003-03) America, Adrian C.; Ancog, Janette R.; Reside, Renato R.This study aimed to test the significance of the variables that the endogenous growth theory predicts to have an effect on long-term economic growth. This study tested the variables: natural logarithm of the per capita gross domestic product for 1980, natural logarithm of the enrolment ratios, natural logarithm of the R&D expenditures as per cent of gross national product, per cent investment share of gross national product, and openness. Three regression equations were generated: G7 countries, selected Asian countries, and G7 countries and selected Asian countries combined. The results suggested that the significant variables that contribute to economic growth vary based on the nature of the country.Item Restricted Estimating the Philippine underground economy a latent variable approach(2004-01) Alerta, Maria Jovelyn; Diaz, Ivy D.; Diokno, BenjaminThis paper aims to estimate the size of the Philippine underground economy by means of a structural, latent variable model approach that provides a multiple indicators and multiple causes (MIMC) for the underground economic activity. The estimated latent variable model was used to generate a historical time-series index for the years 1980-2002. From the 8 MIMC models simulated, three causal variables manifested significant structural parameter estimates: government consumption (as proxy for size of the public sector and degree of government regulation), self-employment and the strength and efficacy of the justice system. The other remaining causal variables however were able to manifest their expected signs in spite of not being able to attain the required significance level. Parameter estimates from the general model consisting of 6 causal variables and 2 indicator variables (MIMC 6-1-2) and MIMC 3-1-2 were used to calculate the size of the Philippine underground economy for the years 1980-2002. It was observed that the size of the Philippine underground economy had been generally increasing over the time period. A comparison of the growth rates of GDP and the underground economy also showed that the two seem to move closely together and a general positive relationship may be observed.Item Restricted The combination of the level of capitalization and the range of functions as a determinant of efficiency: an empirical look into the universal banking program(1983-10) Peña, Cristine L.; Ravalo, Johnny Noe E.Item Restricted A study of vector autoregressions(2001-10) Almazan, Aileen D.; Bartolome, Marilou B.Item Restricted An update of the encarnacion monetary submodel, 1970-81(1984-03-26) Navato, Ma. Elena; Lansañgan, JenniferItem Restricted The Philippine knowledge-economy: assessment in the context of ICT(2005-01) Fojas, Chiara Jaimee C.; Lipana, Diane Shayne D.This paper, entitled The Philippine Knowledge-Economy: Assessment in the Context of ICT, primarily conveys the potential relationship between value-added and key knowledge-based resources. An econometric model was used to depict the actual relationship and defining the economic implications of a knowledge-driven economy on the Philippines. This paper further describes the knowledge economy, the global and regional context of knowledge economies, the benefits of capitalizing in a K-Economy, and the barriers to ICT adoption of a knowledge-driven economy. The analysis of all these allowed the researchers to identify government initiatives such as: increased research investment, a review of the R&D tax regime and fiscal management plan, a facilitated expansion of national "Science and Technology Scholars" Programs and Skills Training, a positioning of the Philippines as an "intelligent island", e-commerce hub for ICT processes and implementation outsourcing, encouragement of Foreign Direct Investment on ICT Sector and a Reengineering of the Department of Science and Technology.Item Restricted An econometric analysis of intraregional trade with China towards an east asian monetary union(2006-03) Lua, Lorelei Lorraine L.; Ngo, Kelvin Lester G.This paper examines whether there is a significant degree of intra-industry trade among developing countries in East Asia, and whether this can be a growing basis for an eventual monetary union based on the optimum currency area criteria. In this case, should countries in East Asia (Indonesia, Japan, Korea, Malaysia, Philippines, Singapore and Thailand) discard the Rupiah, Yen, Won, Ringgit, Philippine Peso, Singapore dollar, and Baht, respectively to employ a single currency anchored on the Yuan; thus, forming one great currency-the East Asian Yuan. Developing countries that peg their currencies to that of a larger country or to a basket of currencies expect that the union will create a single central bank that will help control inflation and create a credible monetary policy. Still over and over again, currency pegs have shown to be intrinsically unstable in the face of speculative assaults. The authors use two measures for quantifying causations and correlations between each of the 7 (seven) East Asian countries. Granger Causality Tests effectively showed the great scale of intra-industry trade within the top 6 (six) import and export commodities of each country. A regression model was constructed using imports, exports, foreign direct investments, and gross national products of the United States and the abovementioned countries as relevant variables. The parallelism and asymmetry of the specified economies in East Asia's direction of trade, the validation of intra-industry trade and the causation between exports and imports affirms the possible existence of an optimal currency area (OCA) in East Asia. A common currency peg in East Asia is viable as countries are seen to be more of comrades than competitors, although choosing which basket of currencies, or anchor currency to be used it still debatable. It is recommended that further studies consider the use of exchange rate fluctuations, regularities and asymmetries in shocks, and the stability of a country's economy brought about by local political effects be taken into account. In addition, the use of alternative model representations for an East Asian Monetary Union within which counterfactual simulations may be performed is recommended as an area for future research.