Template-Type: ReDIF-Article 1.0 Author-Name: Fidelina B. Nativida-Carlos Author-Workplace-Name: School of Economics, University of the Philippines Title: Exchange Rate Dynamics Under Alternative Intervention Rule Abstract: This paper examines the effects of two alternative intervention rules, the real exchange rate rule and the nominal exchange rate rule, on the behavior of a small open economy. These rules are found to differ in terms of the resulting exchange-rate jumps, deviations from purchasing power parity, and relationships between interest rate and exchange rate movements. Thus, even though these rules have the same steady-state effects, in the short run it makes a difference as to which rule is pursued since they lead to different exchange-rate jumps and hence to different paths that the economy will follow. Journal: Philippine Review of Economics Pages: 1-9 Volume: 29 Issue: 1 Year: 1992 Month: June File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/147/697 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:29:y:1992:i:1:p:1-9 Template-Type: ReDIF-Article 1.0 Author-Name: Eduardo T. Gonzales Author-Workplace-Name: Development Academy of the Philippines Title: The Impact of Government Interventions on Health, Schooling and Family Planning in the Philippines Abstract: The substitution and complementarity relationships among child health, child schooling, and number of children in a developing-country context are explored, in order to test the thesis that governmental initiatives in health care, education and family planning can be orchestrated in a manner that would permit a cost-effective implementation of the national goals of reduced population growth and increased human capital buildup. Government policy initiatives and an economic framework of household decision-making are linked together, using a reduced-form demand model which incorporates unobservable individual and community effects. An instrumental variables estimation technique is used to resolve the combined problem of unobserved effect and the endogeneity of policy variables. The estimation results suggest that households respond optimally to variations in the price of governmental programs by shifting the allocation of family resources from an assured number of children to less but healthier and better-educated children. A carefully designed policy that combines government programs in a mutually reinforcing way would be much more effective than a one-program instrument in improving household welfare. Journal: Philippine Review of Economics Pages: 10-53 Volume: 29 Issue: 1 Year: 1992 Month: June File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/148/732 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:29:y:1992:i:1:p:10-53 Template-Type: ReDIF-Article 1.0 Author-Name: Rolando A. Danao Author-Workplace-Name: Professor of Economics, University of the Philippines Title: A Top-Down Multiregional Econometric Model of the Philippines Abstract: This paper presents the results of the estimation and historical simulation of a system of top-down regional econometric models for the regions of the Philippines. The structure of the model ensures that the regional forecasts will be consistent with national forecasts. The dynamic historical simulations show that the predicted values of the national variables track their actual values quite well. Journal: Philippine Review of Economics Pages: 54-61 Volume: 29 Issue: 1 Year: 1992 Month: June File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/149/696 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:29:y:1992:i:1:p:54-61 Template-Type: ReDIF-Article 1.0 Author-Name: Arsenio M. Balisacan Author-Workplace-Name: Associate Professor of Economics, University of the Philippines Title: Rural Growth Linkages, Poverty, and Income Distribution Abstract: The paper provides a survey of selected topics and issues in the economics of rural development, namely: concepts and empirical regularities concerning rural growth linkages, poverty, and income distribution; determinants of income source diversi?cation; and demand and supply factors constraining rural growth linkages in the Philippines. The survey draws implications for public policy and further research on the economics of agriculture and rural development. Journal: Philippine Review of Economics Pages: 62-85 Volume: 29 Issue: 1 Year: 1992 Month: June File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/150/701 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:29:y:1992:i:1:p:62-85 Template-Type: ReDIF-Article 1.0 Author-Name: Keiko Morisawa Author-Workplace-Name: Associate Professor, Osaka City University, Japan Title: Japanese Economic Cooperation in the Asia-Pasific Region and Japanese Foreign Direct Investment in the Philippines Since the 1980s Abstract: The purpose of this paper is to investigate the impact of Japanese economic cooperation on the Philippine economy, especially the impact of Japanese direct investment in the Philippines since the mid-1980s. First, a broad discussion on the changing characteristics of Japanese economic cooperation in the Asia-Paci?c region is presented. The discussion then focuses on the characteristics of Japanese direct investment in the Philippines since the mid-1980s and assesses its impact on Philippine industrialization. In conclusion, the paper explores the nature of Japanese-Filipino economic cooperation. Journal: Philippine Review of Economics Pages: 86-121 Volume: 29 Issue: 1 Year: 1992 Month: June File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/149/696 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:29:y:1992:i:1:p:86-121 Template-Type: ReDIF-Article 1.0 Author-Name: Miron Mushkat Author-Workplace-Name: Baring Securities Title: South Koreas Labor Woes Abstract: South Korea has been plagued by poor industrial relations since the mid-1980s and the inability of the government to effect a more orderly interaction between management and workers has proved costly for the ambitious nation. This article presents evidence showing that the problem has structural, rather than merely cyclical, roots and it is argued that, the recent decline in labor militancy notwithstanding, an escalation in industrial con?ict is inevitable unless the underlying imbalances are addressed systematically. Journal: Philippine Review of Economics Pages: 122-132 Volume: 29 Issue: 1 Year: 1992 Month: June File-URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/152/698 File-Format: Application/pdf Handle: RePEc:phs:prejrn:v:29:y:1992:i:1:p:122-132