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The Philippines on debt row

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  • Beja, Jr., Edsel

Abstract

Heavy indebtedness and debt service payments, indicated by debt magnitudes and shares to national budgets, revenues, or outputs, mean that spending for public infrastructure and basic services is crowded out, even as they entail more borrowings in order to timely meet debt obligations. The failure to reduce indebtedness, improve national revenues, and raise incomes has contributed to the economic decrepitude of the Philippines. Debt relief is neces-sary to pull the country out of such a state of affairs.

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File URL: http://mpra.ub.uni-muenchen.de/23232/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 16553.

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Date of creation: 01 Aug 2009
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Handle: RePEc:pra:mprapa:16553

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Keywords: Philippines; indebtedness; debt penalty; debt relief;

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  1. Nedelyn Magtibay-Ramos & Gemma Estrada & Jesus Felipe, 2008. "An Input-Output Analysis of the Philippine BPO Industry," Asian-Pacific Economic Literature, Asia Pacific School of Economics and Government, The Australian National University, Asia Pacific School of Economics and Government, The Australian National University, vol. 22(1), pages 41-56, 05.
  2. Balisacan, Arsenio M. & Fuwa, Nobuhiko, 2004. "Changes in Spatial Income Inequality in the Philippines: An Exploratory Analysis," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  3. Michael Kremer & Seema Jayachandran, 2002. "Odious Debt," NBER Working Papers 8953, National Bureau of Economic Research, Inc.
  4. M. Shahe Emran & Joseph E. Stiglitz, 2004. "Price-neutral Tax Reform With an Informal Economy," Public Economics, EconWPA 0407010, EconWPA.
  5. Rosario G. Manasan, 2007. "Financing the Millennium Development Goals : The Philippines," Development Economics Working Papers 21928, East Asian Bureau of Economic Research.
  6. Lim, Joseph Y., 2006. "Towards Financing the Millennium Development Goals of the Philippines," Discussion Papers, Philippine Institute for Development Studies DP 2006-23, Philippine Institute for Development Studies.
  7. Joseph Hanlon, 2000. "How much debt must be cancelled?," Journal of International Development, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 12(6), pages 877-901.
  8. Beja, Edsel Jr., 2007. "Win or Lose, it’s the policy we choose: Comparative economic performance of the inflation targeters," MPRA Paper 4833, University Library of Munich, Germany, revised 12 Sep 2007.
  9. Joseph Lim, 2008. "Central banking in the Philippines: from inflation targeting to financing development," International Review of Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 22(2), pages 271-285.
  10. Lamberte, Mario B. & Orbeta, Aniceto Jr. C. & Cororaton, Caesar B. & Guerrero, Margarita F., 1999. "Impacts of the Southeast Asian Financial Crisis on the Philippine Manufacturing Sector," Discussion Papers, Philippine Institute for Development Studies DP 1999-09, Philippine Institute for Development Studies.
  11. Léonce Ndikumana & James Boyce, 2002. "Africa’s Debt: Who Owes Whom?," Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst wp48, Political Economy Research Institute, University of Massachusetts at Amherst.
  12. Michael Keen & Thomas Baunsgaard, 2005. "Tax Revenue and (or?) Trade Liberalization," IMF Working Papers, International Monetary Fund 05/112, International Monetary Fund.
  13. Orbeta, Aniceto Jr. C. & Manasan, Rosario G. & de Guzman, Generoso & Reyes, Celia M., 1999. "Social Impact of the Regional Financial Crisis in the Philippines," Discussion Papers, Philippine Institute for Development Studies DP 1999-14, Philippine Institute for Development Studies.
  14. Beja, Edsel Jr., 2006. "Capital Flight and the Hollowing Out of the Philippine Economy in the Neoliberal Regime," MPRA Paper 4830, University Library of Munich, Germany.
  15. Robert S. Dohner & Ponciano Intal, Jr., 1989. "Book III: The Marcos Legacy: Economic Policy and Foreign Debt in the Philippines," NBER Chapters, National Bureau of Economic Research, Inc, in: Developing Country Debt and Economic Performance, Volume 3: Country Studies - Indonesia, Korea, Philippines, Turkey, pages 371-372 National Bureau of Economic Research, Inc.
  16. Lim, Joseph Y., 2000. "The Effects of the East Asian Crisis on the Employment of Women and Men: The Philippine Case," World Development, Elsevier, Elsevier, vol. 28(7), pages 1285-1306, July.
  17. Manasan, Rosario G., 2007. "Financing the Millennium Development Goals: The Philippines," Discussion Papers, Philippine Institute for Development Studies DP 2007-06, Philippine Institute for Development Studies.
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