Through the provision of the Local Government Code, transfer of responsibilities from the national to the local level has been instituted. This paper analyzes some of the LGC provisions since these affect the country’s financial status. Simulation of fiscal repercussions is performed, the...

What has not been explored in the traditional measures of poverty is the extensive set of categorical variables that indicate standard of living and are already available from existing survey data. What precluded researchers from deriving poverty and welfare gauges from these data is the...

Investigation of the corn revenue risk of Filipino farmers indicates their vulnerability to wide variability in domestic and world prices. Given the imperfect market and heavy dependence of farmers on trader’s price information, it is important to incorporate risk in any modeling attempts on...

The beginning of 1970s has witnessed the country’s political and economic predicament. To address these, the 1989 government has succumbed with the IMF program. For a better understanding of the immediate short-run impact of the adjustment programs, this article tests simple models that show...

Mainly due to the dearth of available data, this article empirically illustrates that the practice of using household expenditures/incomes in assessing aggregate poverty tends to its overestimation. In the absence of reliable equivalence estimates, household size should be normalized to improve...