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Asia's Underachiever : Deep Constraints in Philippine Economic Growth

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  • Roehlano M. Briones

    (PIDS)

Abstract

Numerous studies have tried to explain the poor growth performance of the Philippines. This paper critically reviews related literature on constraints to long-run growth, as it applies to the Philippines. We evaluate several factors, namely : culture; corruption; and institutions. The last offers the most convincing explanation for mediocre growth. Hence, to raise the countrys growth trajectory, I recommend : sustained policy reform; less hand-wringing over Filipino culture and corruption; and above all, focused and sustained development of functional capitalistic institutions.

Suggested Citation

  • Roehlano M. Briones, 2009. "Asia's Underachiever : Deep Constraints in Philippine Economic Growth," Development Economics Working Papers 22618, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:develo:22618
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    Cited by:

    1. Florian A. Alburo, 2015. "Development Dynamics in the Philippines Historical Perspectives: 1950-2010," UP School of Economics Discussion Papers 201514, University of the Philippines School of Economics.

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    More about this item

    Keywords

    development; growth constraints; Philippines; institutions;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting

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