About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Monthly archive May 2016

How do you solve a problem like Duterte?

It may be a sign of dementia, or near-dementia, but the song from the movie “The Sound of Music” kept running through my mind as I tried to figure out presumptive President-elect Rodrigo Duterte.

6.9% economic growth in an election year is no big deal

The Philippines’ GDP grew by 6.9% in the first quarter of 2016, a presidential election year. That’s nothing to brag about. Strong growth in a presidential election year is not surprising.

Incoming president Duterte’s peace offer to the CPP

The offer given by incoming president Rodrigo Duterte to the Communist Party for peace and participation in his government needs careful study.

Duterte’s economic agenda: doable, inclusive, and comprehensive

One can argue that Duterte won the presidency largely due to his reputation as a punisher and, at the same time, as a compassionate mayor -- an indirect repudiation of the supposed ineptitude and indifference of the Aquino administration. Overall, Mr. Duterte’s economic road map is doable, inclusive, and comprehensive.

First 100 days: accelerating momentum for more FDIs

It might appear premature to give suggestions on how economic issues should be approached by the incoming administration of Rodrigo Duterte.

Groups, Norms and Endogenous Membership: Towards a Socially Inclusive Economics

In Part I, we argue that Economics must outgrow the narrow confines of Neo-Classical Economics to embrace ‘sociality’ first championed by Herbert Simon in the mid-1950s and now by a growing number of economists under the banner of Social Economics. In Part II, we construct a formal model where the agent is at once...

Why am I so sure Leni has won?

The people have spoken. They have emphatically chosen Rodrigo Duterte to be their President. Their choice of Leni to be Duterte’s Vice President makes sense. Where Duterte is there to protect people from harm, they look to Leni to see to their economic needs, including the need to rein in Duterte.

Duterte’s victory signifies major political, social and economic change in the country

The presidential election of 2016 ends as a clear mandate for change on political, social and, perhaps, economic dimensions. Rodrigo Duterte, mayor of Davao, becomes the first Filipino president from the island of Mindanao. Geographically, this marks a shift from the geographic center of political power.

Behavioral Polymorphism in Bayesian Games

In this paper, we introduce behavioral polymorphism into Bayesian games. The multiplicity of behavioral types have become increasingly recognized and studied. Agents ascribe to each other a probability distribution across the possible types. They then choose the appropriate type as response to the possible type of the others which type determines the choice of strategy....

Is the budget a tool for development, political patronage, or political vindictiveness?

The national budget is a tool for development. But as the saying goes: the test of the pudding is in the eating. What President Aquino did and didn’t do, and their policy consequences, will define his budget performance.

The economy and the next president

With just one week to go, the campaign frenzy for president has gone high stakes. With one candidate as front-runner (Duterte), there are three candidates chasing (Roxas, Poe and Binay), according to voter preference polls.

Knowledge capital for self-sustaining, inclusive development

That education is indispensable for personal advancement and national progress is widely acknowledged. Good education that’s widely shared results in higher productivity and entrepreneurial skills and, hence, lower levels of poverty and inequality.