About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Monthly archive October 2014

Illicit cigarette trading up, and so is revenue loss

New disturbing evidence has emerged recently. It supports the view that illicit trade is rising and that, as a result, significant tax loss has been incurred by the government. For the Philippines, it is estimated that the tax loss from illicit consumption of cigarettes rose 496.6%, according to a recent study by Oxford Economics....

Drawing the line between acceptable and unacceptable behaviour

If we agree that campus protest is legitimate, the real question is where to draw the line between acceptable and unacceptable behavior.

Can’t the same standard be used in Makati?

My attention was recently caught by a news report that the Sandiganbayan found Zenaida Maamo guilty beyond reasonable doubt of violating the Anti-Graft and Corrupt Practices Act, and that it had sentenced her to a prison term of six years and one month (minimum) to 10 years (maximum), plus perpetual disqualification from public office.

The US economic recovery and growth

It has been a full year since I commented on the world economy. The US economy is important to all open economies – through the influence it has on trade, investment and productive activity.