About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Monthly archive July 2011
Trade gap to widen

Trade gap to widen

During the second and third quarters of 2010, the Philippine trade sector showed some signs of a strong recovery — exports grew rapidly outpacing imports. Are we going to see more of the same next year? Or would net exports, that is exports less imports, be back to the negative territory as they have always...

Migration, remittances, and inequality

The Philippines has taken advantage of opportunities offered by overseas migration probably more than have other developing countries. Thanks to its wide bench of human capital formed by prior decades of investment in education which, in turn, had been spurred by the importance Filipino families generally give to schooling. Unfortunately, however, migration has been dictated...

Investment, institutions, and governance in Asia

We investigate the extent to which the investment slowdown in many Asian countries since the Asian Financial Crisis is attributable to changes in governance institutions. In the process we test the more general hypothesis that different aspects of governance will become relevant constraints to investment and growth at differing levels of countries’ development

Is there really an investment surge?

The first quarter economic growth, though lower than last year’s, has been touted as investment-heavy and possibly a harbinger of better things to come. According to the newly-revised National Income Accounts (NIA) series, investments surged 37% year-on-year in the first quarter, a pace of growth that has not been achieved in more than two...