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Institutional constraints on Philippine growth

Listed author(s):
  • Emmanuel S. de Dios

    (School of Economics, University of the Philippines)

After a review of the institutional economics literature, time- series evidence is presented to show that recent Philippine economic growth has been hindered by institutional weaknesses. In particular, variables representing political instability and corruption are seen to have significantly affected the investment ratio. A historical analysis traces the origins and persistence of these problems to deeper questions of constitutional legitimacy, unstructured rivalry among elites, and weak support for formal institutions owing to preexisting economic inequality.

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File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/661/767
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Article provided by University of the Philippines School of Economics and Philippine Economic Society in its journal Philippine Review of Economics.

Volume (Year): 48 (2011)
Issue (Month): 1 (June)
Pages: 71-124

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Handle: RePEc:phs:prejrn:v:48:y:2011:i:1:p:71-124
Contact details of provider: Postal:
Diliman, Quezon City 1101

Phone: 927-9686
Web page: http://www.econ.upd.edu.ph/

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References listed on IDEAS
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  1. Daniel Kaufmann & Aart Kraay, 2008. "Governance Indicators: Where Are We, Where Should We Be Going?," World Bank Research Observer, World Bank Group, vol. 23(1), pages 1-30, January.
  2. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2004. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," Journal of Economic Growth, Springer, vol. 9(2), pages 131-165, 06.
  3. Llanto, Gilberto M. & Gonzalez, Eduardo T., 2007. "Policy Reforms and Institutional Weaknesses: Closing the Gap," Discussion Papers DP 2007-07, Philippine Institute for Development Studies.
  4. Emmanuel S. de Dios & Geoffrey M. Ducanes, 2013. "Institutions and governance," Chapters,in: Asia Rising, chapter 2, pages 49-75 Edward Elgar Publishing.
  5. Robert H. Nelson, 2004. "Scholasticism versus Pietism: The Battle for the Soul of Economics," Econ Journal Watch, Econ Journal Watch, vol. 1(3), pages 473-497, December.
  6. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
  7. Gilberto M. Llanto & Eduardo T. Gonzalez, 2007. "Policy Reforms and Institutional Weakness : Closing The Gap," Governance Working Papers 21927, East Asian Bureau of Economic Research.
  8. Aron, Janine, 2000. "Growth and Institutions: A Review of the Evidence," World Bank Research Observer, World Bank Group, vol. 15(1), pages 99-135, February.
  9. Gilberto Llanto & Eduardo Gonzalez, 2007. "Policy Reforms and Institutional Weaknesses - Closing the Gap," EABER Working Papers 21872, East Asian Bureau of Economic Research.
  10. Raul V. Fabella & Emmanuel S. de Dios, 2007. "Lacking a backbone : The controversy over the National Broadband Network and Cyber-education projects," UP School of Economics Discussion Papers 200707, University of the Philippines School of Economics.
  11. Kenneth L. Sokoloff & Stanley L. Engerman, 2000. "Institutions, Factor Endowments, and Paths of Development in the New World," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 217-232, Summer.
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