This paper describes a quarterly macroeconometric model of the Chinese economy. The model comprises household consumption, investment, government, trade, production, prices, money, and employment blocks. The equilibrium-correction form is used for all the behavioral equations and the...

This paper develops empirical methods of assessing the sustainability and feasibility of public debt using the No Ponzi Game criterion, using the Philippines as the testing case. Both historical data and forecasts generated by a quarterly macro-econometric model are used in the assessment....

This paper examines empirically the dynamic process of regional market integration in twelve Asian economies using a new modeling approach combining DF with ECM. This approach enables us to obtain latent regional dynamic factors which correspond well with the 'foreign' parity variables in theory...

While the Philippines seems to be on track towards achieving some Millennium Development Goals (MDGs), subnational disparities exist indicating possible patterns of isolation or discrimination. This paper examines whether and how geographical and political economy factors help to explain these...

This paper highlights the increasing underreporting of remittances by the FIES compared to BSP and World Bank figures, advances possible reasons why such underreporting is occurring, and examines its implications for welfare measurement in the country at points in time and across time. Using...

Focuses on factors that are likely to influence outward migration flow from China and the Southeast Asian region, particularly the Philippines and Indonesia, in the next two decades. It finds that while current migration streams are likely to continue in the short run, important developments in...

Examines whether the outflow of Overseas Filipino Workers (OFWs) has resulted in poverty reduction, particular for the migrants' families.

Examines the oftencited concern that Overseas Filipino Workers (OFWs) and their remittances cause moral hazard problems in the labour supply of their households.

Looks at the extent of and policy responses to the problem of labour shortage in the economies of Japan, Korea, Singapore, Hong Kong and Malaysia.