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Publication Detail
PIDS Book 2003-02: A Perspective on Macroeconomic and Economy-wide Quantitative Models of the Philippines: 1990-2002

This paper surveys the development of macroeconometric and CGE models in the Philippines during the period 1990-2002, primarily in terms of their structure and applications. Many of the recent developments in macroeconometric modeling have been incorporated in Philippine models. However, Philippine CGE models have hardly progressed beyond the standard neoclassical framework. Over time, there has been convergence in these two types of quantitative models: CGE models have increasingly used econometric estimates obtained from time-series data while macroeconometric models have been applied to monitor social outcomes like poverty and income distribution. These quantitative tools have become an integral part of policy analysis in the Philippines.

Philippine Institute for Development Studies
Authors Keywords
Yap, Josef T.; macroeconometric model; computable general equilibrium (CGE); Error Correction Model; cointegration analysis; macro structuralist model; social outcomes;
Download PDF Number of Downloads
Published in 2003 and available in the PIDS Library or Downloaded 738 times since November 25, 2011
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