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Subject: Macroeconomics ×

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Now showing 1 - 10 of 23
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    An empirical evaluation of Dr Encarnation's macroeconomic model of the Philippines
    (1981-11-06) Andaya, Arturo; Lorenzana, Leonor; Paqueo, Vicente
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    Philippine electronic exports to US and Japan
    (2011-10) Ceralde, Marie Elaine A.; Eslava, Ana Isabel F.; Pernia, Ernesto M.
    This study examines the macroeconomic factors that affect the Philippines' electronic exports to its top two trading partners, the U.S. and Japan, over the last two decades. The ability of Philippine electronic exports to successfully tap these markets can be traced largely to the effects of certain factors, such as the real incomes of the U.S. and Japan and relevant exchange rates. Competition with Philippines' neighboring countries (Thailand, Indonesia and Malaysia) has also been considered. The study employs an econometric model that analyzes the response behavior or elasticity of each factor. Other factors such as the Asian and global financial crises are also considered in the analysis. The results with respect to real incomes in the U.S. and Japan appear to correspond with the increase in demand for the electronic exports from the Philippines. The exchange rate elasticities of the electronic exports suggest that a devaluation of the Philippine peso is effective in increasing the U.S. demand for such exports. In contrast, a negative effect shows up as regards the demand of Japan for the country's electronic exports. The exchange rates of the U.S. and Jap~ currencies with respect only to Thailand among the competing countries appear to be a significant factor in influencing the electronic exports. The Asian and the global financial crises have also contributed to a decline in demand for the country's electronic exports, albeit not significantly.
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    The effects of CB bills on the real effective exchange rate
    (1985-10-11) Tan, Carson; Tanbio, Carlos; Herrin, Alejandro
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    Debt-servicing capacity of the Philippines using logit analysis, 1973-1984
    (1987-03) Balagot, Ronald Antonio G.; Romulo, Rosa Guadalupe T.; Castro, Amado
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    The effects of exchange rates on the wholesale price index (a modified application of the PPP doctrine)
    (1987-11-15) Lim, Eugene DC. Jr.; Untivero, Rowen Paul A.; Alonzo, Ruperto
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    A critique of the debt to equity conversion program of the Philippines
    (1988-02) Agsaoay, Eunice J.; Socorro, Ma.
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    Crime does pay: a cross-country analysis of the macroeconomic implications of money laundering
    (2001-10) Katimbang, Paul Anthony Castillo; Tomboc, Gmeleen Faye Bambalan; Lim, Joseph
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    Credit in the Philippine macroeconomy
    (2004-10) Bas, Maria Rona F.; Buenaorbra, Kathleen Therese B.; Basilio, Joselito
    Financial institutions play an essential role in promoting the growth of the economy. They are the instruments through which funds are transferred from people who have an excess of available funds to those who have productive investment opportunities. There is great interest in exploring the possible associations between the financial system and aggregate economic activity. Interest has grown in the belief that financial markets and institutions have important roles in the growth and fluctuation of economic activity. The functions and services financial markets provide show their importance in the process of economic growth. This study investigates the empirical relationship between lending standards and aggregate economic indicators in the Philippine setting using a two-stage least squares regression analysis. It hypothesizes that the loans to top Philippine industries by banks affect the fluctuations in economic indicators like the gross value added (GVA) and industry employment. Based on the empirical results of the study, this exploration supports the hypothesis for the GVA equation. Regressions for the main sample of nine industries and the agriculture, manufacturing and trade industries verify the positive relationship. Credits as additional funds produce favorable effects on investment in plant, equipment and technology, and hence, increase output. For the alternative measure employment however, loans do not have a significant effect on it.
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    Remittances as a determinant of the real exchange rate
    (2007-04) Abitria, Alwayne Cristopher H.; Torres, Angie
    Our study tries to find a relationship on workers' remittances on the real exchange rate. We performed time-series regression to examine the effects of remittances on the real exchange rate over a time horizon. We say that remittances do account for real exchange rate movements, both in the short-term and in the long-term. The increasing trend of remittances in the recent past make remittances account for greater changes in the real exchange rate in the near long-term, and more so in the short term. Government policy and trade openness remain as the strongest determinants of the movements of the real exchange rate. We find that trade openness appreciates the real exchange rate, in opposition to what has been proved in the literature.
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    Export instability in the Philippines: some macroeconomics implications
    (1986-03-18) Esguerra, Donna S.; Maramag, Owen S.