Economic Transformation and Growth in the Philippines: An Analysis of Political Settlements, Rents, and Deals
The main gateway for the Philippines to develop and become an upper-middle-income economy—and eventually, a high-income economy—is to expedite the shift of workers out of agriculture and to produce and export more complex products with a higher income elasticity of demand. The actual growth rate is...
Saved in:
Main Authors: | , , |
---|---|
Format: | text |
Published: |
Animo Repository
2023
|
Subjects: | |
Online Access: | https://animorepository.dlsu.edu.ph/res_aki/169 https://animorepository.dlsu.edu.ph/context/res_aki/article/1169/viewcontent/DLSU_AKI_Working_Paper_Series_2023_07_087.pdf |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Institution: | De La Salle University |
id |
oai:animorepository.dlsu.edu.ph:res_aki-1169 |
---|---|
record_format |
eprints |
spelling |
oai:animorepository.dlsu.edu.ph:res_aki-11692023-08-14T06:50:19Z Economic Transformation and Growth in the Philippines: An Analysis of Political Settlements, Rents, and Deals Felipe, Jesus Empeño, Desher Edgar Miranda, Brendan Emmanuel A. The main gateway for the Philippines to develop and become an upper-middle-income economy—and eventually, a high-income economy—is to expedite the shift of workers out of agriculture and to produce and export more complex products with a higher income elasticity of demand. The actual growth rate is constrained by the balance-of-payments equilibrium growth rate, about 6%—the maximum the country can attain without incurring balance-of-payments problems. We use the Pritchett-Sen-Werker political-economy framework to analyze the role of different types of firms and the deals environment during successive Philippine administrations until the current one. Due to their economic size and political power, only the nation’s conglomerates will be able to lead the transformation of the economy. However, the country’s large groups do not have incentives or see the need to shift to the production and export of tradable. Without this transformation, the country will be able to register positive growth but will not become an internationally competitive economy, and will not be able to achieve, and especially maintain, the growth rate targeted by the current administration: 6.5%–8% per annum during 2023–2028. 2023-07-01T07:00:00Z text application/pdf https://animorepository.dlsu.edu.ph/res_aki/169 https://animorepository.dlsu.edu.ph/context/res_aki/article/1169/viewcontent/DLSU_AKI_Working_Paper_Series_2023_07_087.pdf Angelo King Institute for Economic and Business Studies (AKI) Animo Repository economic transformation deals Philippines political settlements rents Growth and Development |
institution |
De La Salle University |
building |
De La Salle University Library |
continent |
Asia |
country |
Philippines Philippines |
content_provider |
De La Salle University Library |
collection |
DLSU Institutional Repository |
topic |
economic transformation deals Philippines political settlements rents Growth and Development |
spellingShingle |
economic transformation deals Philippines political settlements rents Growth and Development Felipe, Jesus Empeño, Desher Edgar Miranda, Brendan Emmanuel A. Economic Transformation and Growth in the Philippines: An Analysis of Political Settlements, Rents, and Deals |
description |
The main gateway for the Philippines to develop and become an upper-middle-income economy—and eventually, a high-income economy—is to expedite the shift of workers out of agriculture and to produce and export more complex products with a higher income elasticity of demand. The actual growth rate is constrained by the balance-of-payments equilibrium growth rate, about 6%—the maximum the country can attain without incurring balance-of-payments problems. We use the Pritchett-Sen-Werker political-economy framework to analyze the role of different types of firms and the deals environment during successive Philippine administrations until the current one. Due to their economic size and political power, only the nation’s conglomerates will be able to lead the transformation of the economy. However, the country’s large groups do not have incentives or see the need to shift to the production and export of tradable. Without this transformation, the country will be able to register positive growth but will not become an internationally competitive economy, and will not be able to achieve, and especially maintain, the growth rate targeted by the current administration: 6.5%–8% per annum during 2023–2028. |
format |
text |
author |
Felipe, Jesus Empeño, Desher Edgar Miranda, Brendan Emmanuel A. |
author_facet |
Felipe, Jesus Empeño, Desher Edgar Miranda, Brendan Emmanuel A. |
author_sort |
Felipe, Jesus |
title |
Economic Transformation and Growth in the Philippines: An Analysis of Political Settlements, Rents, and Deals |
title_short |
Economic Transformation and Growth in the Philippines: An Analysis of Political Settlements, Rents, and Deals |
title_full |
Economic Transformation and Growth in the Philippines: An Analysis of Political Settlements, Rents, and Deals |
title_fullStr |
Economic Transformation and Growth in the Philippines: An Analysis of Political Settlements, Rents, and Deals |
title_full_unstemmed |
Economic Transformation and Growth in the Philippines: An Analysis of Political Settlements, Rents, and Deals |
title_sort |
economic transformation and growth in the philippines: an analysis of political settlements, rents, and deals |
publisher |
Animo Repository |
publishDate |
2023 |
url |
https://animorepository.dlsu.edu.ph/res_aki/169 https://animorepository.dlsu.edu.ph/context/res_aki/article/1169/viewcontent/DLSU_AKI_Working_Paper_Series_2023_07_087.pdf |
_version_ |
1775631144725774336 |