Socio-Economic Reform Program in the Philippines-Impacts and new Directions-
ASEDP
No.57
CONTENTS
Contents (270KB)
Preface / Dante B.Canlas, Yasuhiro Nimura
Chapter 1.
Overcoming Monetary Constraints to Stable Growth in an Emerging Market / Dante B.Canlas
Money, Inflation and Output: Theoretical Considerations
A Review of Philippine Macroeconomic Performance
The New International Economic Environment
Some Evidence
Money and Output Growth
Money and Inflation
Money and Collapsing Exchange Rates
Evolution of Monetary Policy Rules and Exchange Rate Regimes
Concluding Remarks
References
Chapter 2.
Raising the Quality of Life Through the Workplace in the New Millennium / Emmanuel F.Esguerra, Dante B.Canlas
The Labor Market: Recent Performance, Current Trends
Labor Supply and its Quality
The Employment Record
Unemployment and Underemployment
Wages and Labor Productivity
Investing in Human Capital
Education and labor Productivity
Private and Public Investments in Education and Training
Education and Training Policies
Education Finance
Population Concerns and Human Capital
Expanding Job Opportunities
Aggregate Labor Demand policies
Technological Progress and Foreign investment
Sectorial Policies
Some Complementary Policies
Safeguarding Worker’s Welfare
Labor standards
Safety Nets
Industrial Relations
Summary and Conclusion
References
Chapter 3.
The J2K Crisis and the Economy: the Broader Context / Raul V. Fabella
A Modicum of Morality
Compromised Leadership and Economic Tailspin
The Governance Deficit
Rules of the Game
Governance Properties of Rules
The Soft State and Disorder
Backlash Disorder
A Singular Opportunity
Governance Deficit as Entropy
Soft State Corruption and periodic Eruption
The Presidency and the Twilight Zone
A Nonexistent Divide
Symbol Savaged
Function Prostituted
Managing the Economy in J2K
End-Game Scenarios
President Estrada Survives Impeachment and a Super Technocrat Cabinet Takes Over
Estrada is Removed but Otherwise Unpunished
Estrada is Constitutionally Removed, Convicted and punished
Epilogue
References
Chapter 4.
Social Health Insurance Reforms in the Philippines / Stella A.Quimbo
A Brief History of Social Health Insurance in the Philippines
RA6111 (The Philippine Medicare Act)
Medicare Performance (1972 to 1994)
Program Reforms
Modeling the Behavior of the Social health Insurance
Program Administrator
Empirical Specification
The Data
Empirical Specification
The Data
Empirical Results
Summary and Implications
References
Chapter 5.
The future of the Philippine Power Sector: Reason to Be Cautious(Lessons From California and the United Kingdom / Renato E. Reside, Jr.
The Power Sector in the Philippines: A Review of the Present and What May Lie Ahead if the power Bill is Approved by Congress
Present Situation
Proposed Power Sector Restructuring
Lessons in Reform from Other Regimes
California
The California Power Market
Impact of Crisis on Electricity Consumers
Effects on utilities
Impact on Generators
Lessons from the Debacie in California Electricity Markets
United Kingdom
Key Elements of Energy Policy and Initial Steps Pursued
Privatization in the Gas and Electricity Sectors
Privatization of the Electricity Sector
Lessons Learned
Appendix
References
Chapter 6.
The Political Economy of Education Reforms / Edita A. Tan
Market Imperfections and Market Failure
Quality and Distribution of Education
Issues in Education Finance
Reform Agenda
Concluding Remarks
References
Chapter 7.
Revisiting Tariff Reform / Gwendolyn R.Tecson
The Road Traveled
Agriculture vs Manufacturing Sector Protection
Protection of Manufacturing industries
The Road Ahead: On the Role of Government in Industrialization
Appendix
References
Chapter 8.
The Role of FDI and the Emerging Export Industry (1.4MB) / Yasuhiro Nimura
The Role of Investment Policy Reform
Policy Reforms towards Liberalization
Flow of Investments in the Philippines
The Role of Industrial Estate
PEZA and Private-Initiated Development of Industrial Estates
SEZs and the Segmentation of Local Market
Changing Trade Structure: Emerging Export Industry as the Winner
Trends in Philippine Exports
Electronics Industry as Export Winner
Structural Change in the Philippine Economy
Concluding Remarks and the New Direction
References