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The Determinants of Economic Growth in the Philippines: A New Look

The Determinants of Economic Growth in the Philippines: A New Look by Willa Boots J. Tolo
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This paper uses a panel of 23 emerging markets for the period 1965?2008 to study the determinants of per capita GDP growth in the Philippines. The Philippines is an outlier in terms of agricultural exports, investment, research and development, population growth, and political uncertainty. Panel regressions reveal that these factors, along with the deficit, inflation, trade openness, the current account balance and the frequency of crisis episodes are siginificant determinants of growth. A growth index confirms that these determinants also capture the absolute and relative performance of each country over time and suggests that the Philippines has lacked a sustained period of relatively strong economic reforms.
International Monetary Fund; December 2011
25 pages; ISBN 9781463935054
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Title: The Determinants of Economic Growth in the Philippines: A New Look
Author: Willa Boots J. Tolo
 
ISBNs
1463935056
9781463927226
9781463935054
9781463963262