To forecast the Philippine money multiplier, this article utilizes Box-Jenkins Technique that suggests the use of simple autoregressive intermediate moving average (ARIMA) process. Estimation results are discussed in reference to its implications in the future forecast of money multiplier.

This paper provides the most recent estimates of the basic parameters in shadow pricing, namely the shadow exchange rate, the marginal productivity of capital and the opportunity costs. It also enumerates the procedures for parameter estimation for future use. It clarifies the differences...

The development of PIDS-NEDA Macroeconometric Model is a joint effort by both institutions to come up with a model that government economic planners could use in arriving at annual and medium-term economic forecasts or targets. This paper is a summary of the complete version of the...

In many applications it is necessary to use a simple and therefore highly misspecified econometric model as the basis for decision-making. We propose an approach to developing a possibly misspecified econometric model that will be used as the beliefs of an objective expected utility maximiser. A...

It is standard practice to form predictions from multinomial logit models by ignoring the estimation error associated with the parameter estimates and solving for the predicted endogeneous variable (market share) in terms of the exogenous variables and the point estimates of the parameters. It...

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 article models the small LDC bankers’ profit maximizing and decisionmaking processes in addressing policy actions. Its implications are useful for future policy reforms.

This article models the small LDC bankers’ profit maximizing and decisionmaking processes in addressing policy actions. Its implications are useful for future policy reforms.

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 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 discusses a simple type of general equilibrium policy models and illustrates its application in the Indian agriculture. Results indicate the importance...