The Philippines has been one among the few that still adheres to the home consumption valuation (HCV), a system that, according to many importers, results to overvaluation. This article assesses the validity of the claim through analysis of HCV’s impact on the level of protection structure. It...

Early 1980s has seen series of reforms in the Philippine financial system having improved financial intermediation as the general objective. This paper reviews the pace and effectiveness of the reforms implemented by the government. Findings show that economic instability and the ineffective...

Based largely on the work of Funke and Hall, estimation results indicate non-causality between money and price level attributed to the interplay of factors such as unstable political and economic environment. P* vector has no significance on potential output since Q instead of Q* has been used.

Housing developments have been hampered by exorbitantly priced land specifically in the cities. The 1991 housing survey show that Metro Manila households pay the same rate as other households from developing countries. This article reviews the Philippine urban policies and examines the...

Utilizing time-wise autoregressive model to investigate the perception of the international community on the Philippines, which has suffered from debt crisis in 1982, indicates that banker’s creditworthiness assessments are sensitive not only from liquidity and solvency but also from long-term...

Usual indicators of intertemporal rural performance are technically flawed mainly because of the “shifting” of the physical area of the rural sector as population grows and/or economic activity expands. This problem is illustrated here using Philippine recovery data. Also shown is the fact...