About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Posts tagged "growth"

Philippine growth: Wages, employment, and poverty reduction

Two current World Bank studies dealing on the Philippine economy provide a useful framework for reviewing the status of economic development and of labor market issues in the country.

Q2 growth: Old or New Normal

The 6% GDP growth in Q2 is a three-year low and has renewed the conversation of revert to the old. Not because the 6% growth is to be sneezed at but because by mid-2018 the rain clouds are starting to gather.

Governance failure across the board

Get real Philippine Daily Inquirer, 11 August 2018   Undeniable fact: Philippine economic growth is slowing down. Growth rates last year were on the order of 6.7 percent. For the first half of 2018, it is 6.3 percent (6.6 percent in Q1 and 6.0 in Q2). Now, the target for 2018 under President Duterte’s Philippine...

The Duterte administration after two years: assessing prospects for higher growth

In conjunction with this year’s State of the Nation Address, which is the third for the Duterte presidency, we focus our commentary today on the administration’s accomplishments during the first two years that are critical to the nation’s economic and social development.

And do our politicians care?

"The Philippines will continue to be the fastest-growing economy in the Association of Southeast Asian Nations despite some stabilization of investment growth.” That’s from the World Bank’s Global Economic Prospects (GEP) which came out last month.

Real target growth rate for 2017 is 7-8 percent

Whoa! Reader, let’s not get carried away by the news that our economy grew by 6.9 percent in the third quarter of the year, as shown by the most recent National Income Accounts. And why not? you may ask. Isn’t that great?

National security and economic development

Many East Asian countries have adopted strict national security measures that were once considered excessive. However, as they raised their economic achievements, they gained the comfort and the confidence to relax slowly what were initially denied.

Growth accelerations

Taking the long view and beyond scoring political points, however, if GDP does grow by 6-6.5% this year, then the Philippines would qualify as a clear case of “growth acceleration”

Duterte’s economics

The Philippines is the only major country in the Southeast Asian region where foreign direct investment has played a relatively modest role in its development. It could serve as a major and additional engine of economic growth, but legal and other obstacles prevent it from playing a larger role.

Road to self-sustaining economic growth and President Duterte’s lament (continued)

Last week’s essay closed by emphasizing the need to pass the comprehensive tax reform program to provide the proper non-inflationary financing for the 10-year development plan that involves higher infrastructure investments and other public spending program.

Sustaining high growth, domestic push factors and external headwinds

A year-on-year growth rate of 7.1 percent for the third quarter of 2016 assures the Philippine economy is on a high growth path. This, however, is happening during a time when adverse short term developments are enveloping the economy.

The Duterte-Dominguez disconnect: is another golden tide headed for the rocks?

It is said that poverty is more in the mind than in the pocket. Most income-challenged nations are poor not because of scarcity of resources but because of inability to seize the opportunities in fleeting instances of plenty.