The Philippine economy and poverty during the global economic crisis
Anecdotal evidence permeates accounts on the impact of the global economic crisis (GEC) on Philippine poverty. This study systematically assesses the evidence and recent data. It adopts a somewhat eclectic approach, applying regression and decomposition techniques to trace the GEC impact on GDP and its major components, constructing panel data from nationally representative household surveys to trace the changes in household welfare during the crisis, and combining national income accounts and household survey data to simulate the differential effects of the crisis across population groups and social divides. Empirical findings suggest that although the Philippine economy did not slide to recession during the GEC, the impact of the crisis on the economy and poverty across population groups was nonetheless severe—and may linger for many years to come.
Volume (Year): 47 (2010)
Issue (Month): 1 (June)
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- Magnoli Bocchi, Alessandro, 2008. "Rising growth, declining investment : the puzzle of the Philippines," Policy Research Working Paper Series 4472, The World Bank.
- Arsenio M. Balisacan & Hal Hill (ed.), 2007. "The Dynamics of Regional Development," Books, Edward Elgar Publishing, number 4178.
- Manasan, Rosario G., 2009. "Reforming Social Protection Policy: Responding to the Global Financial Crisis and Beyond," Discussion Papers DP 2009-22, Philippine Institute for Development Studies.
- Felipe M. Medalla & Karl Robert L. Jandoc, 2008. "Philippine GDP Growth After the Asian Financial Crisis : Resilient Economy or Weak Statistical System?," UP School of Economics Discussion Papers 200802, University of the Philippines School of Economics.
- Desiree A. Desierto & Geoffrey M. Ducanes, 2013. "Philippines," Chapters, in: Asia Rising, chapter 13, pages 385-407 Edward Elgar Publishing.
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