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Now showing 1 - 9 of 9
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    The effect of specific and ad valorem taxes on the demand pattern of premium regular and diesel fuel
    (1985-03) Villanueva, Ma. Brenda V.; Chan, Peter Lee; Diokno, Benjamin
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    Performance evaluation of state-operated enterprises: a case study of the national power corporation
    (1986-03-24) Balein, June Cecille; Kapunan, Rachel; Diokno, Benjamin E.
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    The social cost of the unavailability of electrification: a study
    (1987-03) Catibayan, Desiree G.; Mauleon, Ma. Angelica M.; Alonzo, Ruperto
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    Price adjustments and asymmetry in the Philippine retail gasoline market
    (2002-04) Salas, John Michael Ian S.; Alburo, Florian A.
    This paper employs ordered probit, partial adjustment, and vector error correction models to characterize price adjustments in the Philippine retail gasoline market since its deregulation. We find that pricing decisions of oil firms depend significantly on eight weeks of previous changes in crude cost. We show that the speed of adjustment of retail prices to its long-run equilibrium relation with crude cost has been following an accelerating trend but is vulnerable to intervening factors. Lastly, we provide empirical evidence that pump prices respond quicker and more fully to increases in crude cost rather than to decreases.
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    Incurred loss and posted deficit of the national power corporation, 1986-2005: a decomposition analysis
    (2007-03) Aranzaso, Jesrhyl D.; Sapitula, Catherine A.; Carlos, Fidelina
    The National Power Corporation (Napocor) is the major contributor to the consolidated public sector deficit. This paper attempts to clarify the issues regarding the financial position of the Napocor. The difference between the incurred net loss and the posted deficit of the corporation is explained to have a clear evaluation of its performance. Stock-flow adjustment (SFA), a form of creative accounting, is computed to determine whether the Napocor is concealing its losses. Gross Value Added (GVA) is calculated to measure the economic contribution of the Napocor to the National Government (NG). The flow of resources from the NG to the Napocor and vice versa determines the fiscal burden of the latter on the former. The ratios of the return on assets and the return on equity are used as bases for the financial profitability of the Napocor. The relationship of financing the deficits and the accumulation of debts of the Napocor is elaborated.
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    An analysis of the financial performance of the national power corporation from 1972 to 1983
    (1985-04-24) Guevara, Emmanuel Q.; Montalbo, Helen P.
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    The price of going green: a study on the economic viability of diesel blends in the Philippines
    (2009-12) Javier, Ella Marie S.; Tanganco, Lauren Ej U.
    With the passage of the Biofuels Act of 2006 which strongly encourages the usage of biodiesel for Filipino motorists, the authors decided to conduct a study to test the economic viability of biodiesel, involving the use of CME for the production of diesel blends in the Philippines, using time series data from 1989 up to 2008 of the different factors involved - Diesel Prices, Diesel Consumption, Philippine GDP, RBD Oil Prices, and C02 Emissions. This paper focuses on two aspects. The first involves the prices of diesel and diesel blends as both are substitutes of one another. The second involves the social costs imposed by diesel usage to the environment, specifically on health and the national economy. Land displacement and rise in food commodity prices are also discussed. Monte Carlo Simulation is used to predict future stochastic diesel and diesel blended fuel prices for the next 5, 10, 15 and 20 years using the combination 95% diesel and 5% CME, as it is the highest mix a transportation engine can accommodate without alteration. Results obtained were compared. Marginal social costs for market, mostly agricultural and coastal zones, and non- market, health and the ecosystem, were computed using a math model. Results ~e added to the simulated prices and were evaluated. Considering only the private factors, results show that diesel blend prices are higher than diesel most of the time by as much as Php1.OO per liter. When marginal social costs are taken into account, the use of a 5% CME-diesel blend is still not viable as its price is still higher than diesel fuels. To future researchers, the authors recommend that further studies consider other ingredients, such as palm oil or jathropa, to assess the viability of biodiesel. In addition to that, studies on the use of bioethanol should also be conducted.