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Current Account Dynamics and the Philippine Economy: Developments and Prospects Chapter 7: Servicification and firm performance: Evidence from Philippine manufacturing

Author

Listed:
  • Gloria O. Pasadilla
  • Neil Irwin S. Moreno

    (The ASEAN Secretariat)

  • Benjamin A. Endriga

    (Bangko Sentral ng Pilipinas)

  • Ivan Cenon V. Bernardo

    (Bangko Sentral ng Pilipinas)

Abstract

Services have played an increasingly important role in manufacturing. Each stage of the value chain—establishment of the business, pre manufacturing, manufacturing, post-manufacturing, and post-sales services—requires specific types of services. However, some services, such as management and accounting, are needed across the value chain. Services contribute between 50 and 60 percent to value added in all manufacturing sectors globally. Its contribution to manufacturing exports is estimated to be 37 percent. Creation Date: 2026-03

Suggested Citation

  • Gloria O. Pasadilla & Neil Irwin S. Moreno & Benjamin A. Endriga & Ivan Cenon V. Bernardo, "undated". "Current Account Dynamics and the Philippine Economy: Developments and Prospects Chapter 7: Servicification and firm performance: Evidence from Philippine manufacturing," BSP Special Publications ch-07, Bangko Sentral ng Pilipinas.
    • Handle: RePEc:bhd:spcpub:ch-07
    as

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    File URL: https://www.bsp.gov.ph/Media_And_Research/Special%20Publications/BSP-Book-Current-Account-Dynamics-and-The-Philippine-Economy.pdf
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