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Author/Editor:
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Tolo, Willa Boots J.
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Publication Date:
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December 01, 2011
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Electronic Access:
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Free Full text
(PDF file size is 1,221KB).
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This paper uses a panel of 23 emerging markets for the period 1965–2008 to study the determinants of per capita GDP growth in the Philippines. The Philippines is an outlier in terms of agricultural exports, investment, research and development, population growth, and political uncertainty. Panel regressions reveal that these factors, along with the deficit, inflation, trade openness, the current account balance and the frequency of crisis episodes are siginificant determinants of growth. A growth index confirms that these determinants also capture the absolute and relative performance of each country over time and suggests that the Philippines has lacked a sustained period of relatively strong economic reforms.
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Order a print copy
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Series:
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Working Paper No. 11/288
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Subject(s):
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Agricultural sector | Current account balances | Economic growth | Emerging markets | Fiscal policy | Philippines
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Author's Keyword(s):
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growth divergence | emerging markets | Philippines |
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English
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Publication Date:
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December 01, 2011
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Format:
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Paper
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Stock No:
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WPIEA2011288
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Pages:
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24
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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