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Exploring the Philippine Economic Landscape and Structural Change Using the Input-Output Framework

Author

Listed:
  • Nedelyn Magtibay-Ramos
  • Gemma Estrada
  • Jesus Felipe

Abstract

This paper explores the degree of structural change of the Philippine economy using the input-output framework. It examines how linkages among economic sectors evolved over 1979–2000, and identifies which economic sectors exhibited the highest intersectoral linkages. We find that manufacturing is consistently the key sector in the Philippine economy. Specifically, resource-intensive and scale-intensive manufacturing industries exhibit the highest linkages. We also find a growing impact on the economy of private services and transportation, communication, and storage sectors, probably due to the globalization of these activities. Overall, however, the services sector exhibits lower intersectoral linkages than the manufacturing sector. We conclude that the Philippines cannot afford to leapfrog the industrialization stage and largely depend on a service-oriented economy when the potential for growth still lies primarily in manufacturing.

Suggested Citation

  • Nedelyn Magtibay-Ramos & Gemma Estrada & Jesus Felipe, 2010. "Exploring the Philippine Economic Landscape and Structural Change Using the Input-Output Framework," Economics Working Paper Archive wp_631, Levy Economics Institute.
  • Handle: RePEc:lev:wrkpap:wp_631
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    Keywords

    Input-Output Analysis; Linkage Index; Multiplier Product Matrix; Structural Change;

    JEL classification:

    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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