The Philippines on debt row
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.
|Date of creation:||01 Aug 2009|
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NBER Working Papers
8953, National Bureau of Economic Research, Inc.
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- Michael Keen & Thomas Baunsgaard, 2005.
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IMF Working Papers
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- M. Shahe Emran & Joseph E. Stiglitz, 2004.
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- 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.
- Rosario G. Manasan, 2007. "Financing the Millennium Development Goals : The Philippines," Development Economics Working Papers 21928, East Asian Bureau of Economic Research.
- 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.
- Joseph Lim, 2008. "Central banking in the Philippines: from inflation targeting to financing development," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(2), pages 271-285.
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- Léonce Ndikumana & James Boyce, 2002. "Africa’s Debt: Who Owes Whom?," Working Papers wp48, Political Economy Research Institute, University of Massachusetts at Amherst.
- 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, vol. 22(1), pages 41-56, 05.
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