IDEAS home Printed from https://ideas.repec.org/p/phd/dpaper/dp_2010-23.html
   My bibliography  Save this paper

The Role of the Private Sector in Regional Economic Integration: a View from the Philippines

Author

Listed:
  • Yap, Josef T.
  • Rosellon, Maureen Ane D.

Abstract

The private sector is the driver of growth in most ASEAN economies. It is therefore expected to play a significant role in the process of economic integration in ASEAN. In the Philippines, the private sector has dominated the economy, contributing about 95 percent of GDP, but it has not lived up to its potential. Unlike other economies in East Asia, the Philippines did not experience the anticipated private sector participation and economic transformation that accompany the openness model of development. The ASEAN Economic Community is an extension of this paradigm. Philippine-based firms are found to have low utilization of arrangements in the ASEAN free trade agreement and private sector investment as a percentage of GDP is observed to be relatively low and to have consistently declined since 2000. This paper seeks to explain the reasons for the Philippines' relatively weak private sector response to the opportunities provided by greater openness and deepening regional economic integration. The paper cites some factors which include structural supply-side constraints and institutional weaknesses. Some of these factors are extraneous to the private sector but some emanate from the behavior of the private sector. These factors are expected to mitigate the impact of policies related to establishment of the AEC. However, there are pockets of success as a result of the move toward the AEC such as the launch of the National Single Window.

Suggested Citation

  • Yap, Josef T. & Rosellon, Maureen Ane D., 2010. "The Role of the Private Sector in Regional Economic Integration: a View from the Philippines," Discussion Papers DP 2010-23, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2010-23
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/discussion-papers/the-role-of-the-private-sector-in-regional-economic-integration-a-view-from-the-philippines
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Emmanuel S. de Dios, 2011. "Institutional constraints on Philippine growth," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 48(1), pages 71-124, June.
    2. Balisacan, Arsenio M. & Hill, Hal (ed.), 2003. "The Philippine Economy: Development, Policies, and Challenges," OUP Catalogue, Oxford University Press, number 9780195158984.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wisuttisak, Pornchai & Kim, Chul Ju & Rahim, Mia Mahmudur, 2021. "PPPs and challenges for competition law and policy in ASEAN," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 291-306.
    2. Llanto, Gilberto M. & Navarro, Adoracion M., 2012. "The Impact of Trade Liberalization and Economic Integration on the Logistics Industry: Maritime Transport and Freight Forwarders," Discussion Papers DP 2012-19, Philippine Institute for Development Studies.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ilo:ilowps:486999 is not listed on IDEAS
    2. Maureen Ane D. Rosellon & Josef T. Yap, 2010. "The Role of the Private Sector in Regional Economic Integration : a View from the Philippines," Governance Working Papers 23107, East Asian Bureau of Economic Research.
    3. Yap, Josef T., 2014. "ASEAN Community 2015 : managing integration for better jobs and shared prosperity in the Philippines," ILO Working Papers 994869993402676, International Labour Organization.
    4. Yap, Josef T. & Majuca, Ruperto P., 2013. "Aspirations and Challenges for Economic and Social Development in the Philippines Toward 2030," Discussion Papers DP 2013-27, Philippine Institute for Development Studies.
    5. Yap, Josef T. & Abad, Anthony R.A. & Gonzales, Kathrina G. & Rosellon, Maureen Ane D., 2012. "Unfair Trade Practices in the Philippines," Discussion Papers DP 2012-39, Philippine Institute for Development Studies.
    6. Martinico-Perez, Marianne Faith G. & Schandl, Heinz & Fishman, Tomer & Tanikawa, Hiroki, 2018. "The Socio-Economic Metabolism of an Emerging Economy: Monitoring Progress of Decoupling of Economic Growth and Environmental Pressures in the Philippines," Ecological Economics, Elsevier, vol. 147(C), pages 155-166.
    7. Karl Robert L. Jandoc, 2011. "La Liga Filipina: Rizal and institutional change," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 48(2), pages 151-182, December.
    8. Roehlano Briones, 2015. "Impact assessment of national and regional policies using the Philippine Regional General Equilibrium model," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 51(1), pages 45-76, June.
    9. Mapa, Dennis S. & Sandoval, Monica Flerida B, 2011. "The Economic Transition and Growth of Philippine Regions," MPRA Paper 28267, University Library of Munich, Germany.
    10. Cororaton, Caesar B. & Cockburn, John & Corong, Erwin, 2005. "Doha scenarios, trade reforms, and poverty in the Philippines : a computable general equilibrium analysis," Policy Research Working Paper Series 3738, The World Bank.
    11. Rola, Agnes C. & Coxhead, Ian, 2002. "Does Nonfarm Job Growth Encourage or Retard Soil Conservation in Philippine Uplands?," Philippine Journal of Development PJD 2002 Vol. XXIX No. 1-, Philippine Institute for Development Studies.
    12. David, Cristina C. & Intal, Ponciano & Balisacan, Arsenio M., 2007. "Distortions to Agricultural Incentives in the Philippines," Agricultural Distortions Working Paper Series 48477, World Bank.
    13. Akhand Akhtar Hossain, 2015. "The Evolution of Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 14611.
    14. Majah-Leah Ravago & James Roumasset, 2009. "Economic Policy for Sustainable Growth and Development vs. Greedy Growth and Preservationism," Working Papers 200909, University of Hawaii at Manoa, Department of Economics.
    15. Connie Bayudan-Dacuycuy & Joseph Lim, 2014. "Chronic and Transient Poverty and Vulnerability to Poverty in the Philippines: Evidence Using a Simple Spells Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 118(1), pages 389-413, August.
    16. Bayudan-Dacuycuy, Connie & Lim, Joseph Anthony, 2013. "Family size, household shocks and chronic and transient poverty in the Philippines," Journal of Asian Economics, Elsevier, vol. 29(C), pages 101-112.
    17. Jeffrey G. Williamson & Emmanuel S. de Dios, 2014. "Has the Philippines forever lost its chance at industrialization?," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 51(2), pages 47-66, December.
    18. Cagas, Marie Anne & Ducanes, Geoffrey & Magtibay-Ramos, Nedelyn & Qin, Duo & Quising, Pilipinas, 2006. "A small macroeconometric model of the Philippine economy," Economic Modelling, Elsevier, vol. 23(1), pages 45-55, January.
    19. Hal HILL, 2008. "Globalization, Inequality, and Local‐level Dynamics: Indonesia and the Philippines," Asian Economic Policy Review, Japan Center for Economic Research, vol. 3(1), pages 42-61, June.
    20. King, Elisa B., 2007. "Making sense of the failure of rapid industrialisation in the Philippines," Technology in Society, Elsevier, vol. 29(3), pages 295-306.
    21. Nedelyn Magtibay-Ramos & Gemma Estrada & Jesus Felipe, 2008. "An Input-Output Analysis of the Philippine BPO Industry," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 22(1), pages 41-56, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2010-23. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.