This paper is an assessment of the constraints and opportunities for capturing the gains from the devolution of environmental and natural resource (ENR) management and for engendering a more sustainable ENR management system in the Philippines. It provides a brief characterization of fiscal...

This short paper attempts to clarify some of the issues and provide suggestions for reforms in the fiscal incentive system. In particular, it focuses on the Investment Incentive System embodied in the Omnibus Investment Code. The paper attempts to provide some estimate of revenues forgone,...