Research and development (R&D) is an important resource for sustained economic growth. New knowledge created by a firm has spillover effects that improve the productivity of other firms and even other sectors. This is the heart of endogenous growth theory. In this framework, government policies...

This paper employs several econometric methods to test the validity of the "export-led growth" hypothesis in three BIMP-EAGA countries, i.e., the Philippines, Indonesia, and Malaysia. Firstly, the study uses Johansen cointegration test and Granger causality test to examine the relationship...

Foreign aid has always been treated as “cheap mons.” In the past, aid studies almost always implicitly assumed that the economic impact of ODA loans is negligible. This paper, however, takes an opposite view and presents that ODA debt implications do matter. It is proposed that while aid...

This paper employs several econometric methods to test the validity of the "export-led growth" hypothesis in three BIMP-EAGA countries, i.e., the Philippines, Indonesia, and Malaysia. Firstly, the study uses Johansen cointegration test and Granger causality test to examine the relationship...

This article is presented before the 19th Annual Meeting of the Philippine Economic Society at the Manila Hotel on December 11, 1982. It covers some concerns about the Philippine economic environment within the context of a world economy that may continue experiencing real growth deceleration....

This paper tests the causality issue between defense spending and economic growth in the Philippines. The results of the tests are used to provide implications for Philippine policy development.

This paper discusses the New International Economic Order in the Asia-Pacific region. It argues that harnessing national growth and regionalism can yield lasting benefits to developing countries and their people.

This paper studies the relationship between population dynamics and income growth in the Philippines using data from 74 provinces for the period 1985-2003. Simulation techniques were used to quantify the effect of population dynamics on the differences in income of the provinces. It also...

This article has been presented at the Workshop on Methods for Agricultural Policy Analysis held at the UP Los Baños on August 13-14, 1985. It explicitly models the role and determinants of supervision in agricultural production and labor transactions. This, in turn, is used to predict the...

This paper looks at the Philippine postwar growth within a comparative framework, utilizing the record and experience of ASEAN countries as a background. It also looks into the consequences of the rate and pattern of growth on structural changes, income distribution, savings and other variables....