This paper presents a three-gap model that allows the writers to do exercises which will determine how much foreign inflows (or reduction of foreign outflows) will be required to sustain a satisfactory growth rate for the Philippines given the binding foreign exchange and fiscal constraints. The...

This article is a study of the impacts of stabilisation, structural adjustment and foreign capital inflows on the accumulation pattern, factor distribution, employment pattern, output composition, and labour productivity as experienced in the Philippines in the 1980s and 1990s. It also evaluates...