This article empirically analyzes the relationship between unemployment rate and inflation rate in the Philippines over the period 1980-2006. The negative association between unemployment and inflation is known as the Phillips Curve because the trade-off relationship between these two variables...

This note shows that unit labor costs, the most widely used measure of competitiveness, are equivalent to the labor share in output multiplied by a price-adjustment factor. This has three main implications. First, unit labor costs are not just a technical concept. They embody the social...

This paper reviews the status of fishpen and fishcage culture in Laguna de Bay, with emphasis on its economic importance and the relative severity of the problems affecting its continued practice. The paper aims to provide an economic analysis that will help decisionmakers, stakeholders, and...

This paper reviews the status of fishpen and fishcage culture in Laguna de Bay, with emphasis on its economic importance and the relative severity of the problems affecting its continued practice. The paper aims to provide an economic analysis that will help decisionmakers, stakeholders, and...

This article empirically analyzes the relationship between unemployment rate and inflation rate in the Philippines over the period 1980-2006. The negative association between unemployment and inflation is known as the Phillips Curve because the trade-off relationship between these two variables...

The measurement of vulnerability, as in the probability that a household becomes poor, is concomitant to the analysis of poverty. To estimate households' vulnerability to income poverty, this study used a modified probit model that considers volatilities in income per capita as explained by some...

Applying a conjectural variations (CV) model introduced by Haskel and Scaramozzino (H&S model 1997), the paper examines the impact of trade liberalization on the Philippine cement industry where alleged cartel activities have taken place after the entry of the world's Big Three cement firms:...

Government education spending is expected to improve the well-being of beneficiaries and enhance their capability to earn income in the future. In this sense, directing education expenditures to the poor holds a promise for breaking the intergenerational transmission of poverty. Given this...

How poor are participants of development projects in the Philippines? This paper uses the 2002 Annual Poverty Indicators Survey to construct an easy-to-use objective poverty scorecard that estimates the likelihood that a participant has income below the national poverty line. The scorecard uses...

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...