About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Latest entries

Saving TRAIN (2)

The most obvious Senate correction needed is to ensure that transfers to the poor do not end after four years, and also to ensure that the petroleum excise taxes from which these transfers will come continue to increase in order to meet growing population needs—which means indexing them

The UP School of Economics and its early years

The passing early this week of Dr. Amado A. Castro, the first dean of the University of the Philippines School of Economics, provides the occasion to comment on the early years of this institution that he helped build as an independent academic unit of the UP.

What I discovered about TRAIN (1)

The total impact of TRAIN is negative for the majority of our people — it will reduce the household income of the bottom 60 percent of our households.

The game changing tax reform facing the nation

The more important question is whether the resulting tax reform law will usher in game-changing conditions we need to carry us forward in economic and social development. This is likely to happen if the full extent of the tax reform components is realized.
Tax reform should include mining

Tax reform should include mining

Cielo Magno was interviewed on ANC Early Edition

A perspective on law and order, and economic growth

The declaration of martial law in Mindanao by President Duterte begs the question, How will it affect the nation’s economic growth performance?

What, me worry?

Duterte’s creeping authoritarianism, however, is being implemented in full view of an apathetic crowd.

How can Marcos’ martial law be ‘good’?

The economy collapsed, crime went up, real wages went down, corruption became world-class, extrajudicial killings were at their highest (until this administration). Not to mention torture and disappearances. If that is good, I don’t know what bad is.

‘As the world turns’ — external events that eventually affect us

Although some happenings in major capitals of the world might seem totally disconnected to us, they can affect our experience directly or indirectly. In these developments, we are perfect bystanders. We have no influence on how the events unfold.

Who drew first?

Alfred Marshall is frequently credited with the supply-and-demand diagram, so much so that the familiar graph of equilibrium in the market for a single good is called the “Marshallian cross” . Here as in many other cases, however, Stigler’s Law of Eponymy holds.

Looking at the issue of foreign aid

In a way, it is good that this whole brouhaha about the Philippines turning down the European Union’s aid—280 million euros worth over a three-year period—has come to light. In a way. Because it forces the country to look at the whole issue of foreign aid and its importance to us, and our development.

Unintended consequences, or the folly of uncritical thinking

A close reading of why some policies resulted in bad, unintended outcomes reveals a defect in design. A design defect could arise from the selfish myopia of reform proponents who focus mainly on seeing their own gains. Or it may be due to a firm belief about the justness of their cause.