This study employed the 1979 Input-Output Table, the 1975 Family Income and Expenditures Survey, and the National Income Accounts of 1979 to study the effect of income redistribution on the composition of output demand. It was hoped that a significant amount of redistribution from the rich to...

Subjective poverty thresholds in the Philippines are derived from a 2003 household perception survey data set. The thresholds are computed using data on the minimum income question and actual income from the survey of 1,200 households. The estimated thresholds are shown to be much higher than...

This paper presents a test of multi-period asset pricing models using quarterly Philippine data. Using a consumption-based asset-pricing model, the study finds the rate of time preference to be 5.20 percent (on an annual basis). The estimated risk aversion coefficient of 0.043 seems to be on the...

This study examines Philippine macroeconomic fluctuations using Markov regime-switching techniques. Using all available GDP data, an annual and a quarterly model are constructed to explain Philippine boom-bust cycles as switches into any of three states — a moderate growth state, a low growth...

This paper presents the National Economic and Development Authority’s (NEDA) quarterly macroeconomic model (QMM) of the Philippines and discusses the results of historical and policy simulations using the model. With its strict adherence to modern macroeconomic general equilibrium analysis,...

The study examines a segment of the Philippine financial system within the efficient market framework. The period under study is broken down into three periods and tests for forecast rationality using a nonlinear least squares procedure were conducted. The main result of this study is not at all...

The paper extends the Gylfason and Schmid model to analyze the effects of devaluation and debt repudiation on a post—crisis economy. Simulation experiments were conducted using this model. The numerical results indicate that devaluation can be contractionary but repudiation can dampen the...