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Total Factor Productivity in the Philippines

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  • Cororaton, Caesar B.

Abstract

The paper presents estimates of total factor productivity (TFP) from 1967 to 2000. It was observed that while TFP growth was mostly negative in the last thirty-five years, its contribution to economic growth improved consistently from – 1.76 percentage points in the middle of 1980s to +0.41 in 1998-2000. This is the period when major economic policy reforms were pursued vigorously. In spite of the increasing share of skilled labor to the total, its contribution to TFP growth is observed to have declined through time. This may imply deterioration in the quality of education necessary for productivity improvement. This may also imply the negative effects of brain drain as a result of massive Filipinos working abroad. Efficiency improvements seem to have been gained from the movement of labor out of agriculture. Sound macroeconomic fundamentals, and opening up to foreign trade and investment are two critical factors affecting TFP growth. Spill over effects are observed to be far significant from the growth in industry than in agriculture and service sectors.

Suggested Citation

  • Cororaton, Caesar B., 2002. "Total Factor Productivity in the Philippines," Discussion Papers DP 2002-01, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2002-01
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/total-factor-productivity-in-the-philippines
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    References listed on IDEAS

    as
    1. Cororaton, Caesar B. & Caparas, Maria Teresa, 1999. "Total Factor Productivity: Estimates for Philippine Economy," Discussion Papers DP 1999-06, Philippine Institute for Development Studies.
    2. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    3. Austria, Myrna S., 1998. "Productivity Growth in the Philippines After the Industrial Reforms," Discussion Papers DP 1998-26, Philippine Institute for Development Studies.
    4. Cororaton, Caesar B. & Cuenca, Janet S., 2001. "Estimates of Total Factor Productivity in the Philippines," Discussion Papers DP 2001-02, Philippine Institute for Development Studies.
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    Cited by:

    1. Munusamy, Subramaniam & Rajamoorthy, Yogambigai, 2020. "Factor Accumulation and Total Factor Productivity Growth: ASEAN Economies," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 54(2), pages 67-76.
    2. Rachel H. Racelis & J.M Ian S. Salas, 2007. "Measuring Economic Lifecycle and Flows across Population Age Groups : Data and Methods in the Application of the NTA in the Philippines," Development Economics Working Papers 22682, East Asian Bureau of Economic Research.
    3. Michael R. Cabalfin & Josef T. Yap, 2008. "Sustainable Development Framework for Local Governance," Governance Working Papers 22619, East Asian Bureau of Economic Research.
    4. Abrigo, Michael R.M. & Racelis, Rachel H. & Salas, J.M. Ian & Herrin, Alejandro N., 2016. "Decomposing economic gains from population age structure transition in the Philippines," The Journal of the Economics of Ageing, Elsevier, vol. 8(C), pages 19-27.
    5. Lamberte, Mario B., 2002. "Central Banking in the Philippines: Then, Now and the Future," Discussion Papers DP 2002-10, Philippine Institute for Development Studies.
    6. World Bank, 2005. "Philippines : From Short-Term Growth to Sustained Development," World Bank Publications - Reports 8552, The World Bank Group.
    7. Ann Pimentel-Prenio & Majah-Leah Ravago & Erlinda M. Medalla, 2007. "The AFTA-CEPT and the ASEAN China Early Harvest Program: An Assesment of Potential Short-run Impacts," Agriculture and Development Discussion Paper Series 2007-2, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA).
    8. Ivan Todorov & Kalina Durova, 2016. "Economic Growth of Bulgaria and Its Determinants," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-35.
    9. Ivan Todorov, 2016. "Supply-Side Factors of Economic Growth in Bulgaria," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 159-174, June.
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