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Philippine Macroeconomic Issues And Their Causes

Philippine Macroeconomic Issues And Their Causes by Gerardo P. Sicat Table of Contents I. Introduction: Macroeconomic and structural problems .. 1 II. The Rate of Economic Growth and 2 III. Widening disparity between GDP and 6 IV. Composition of aggregate output and demand .. 7 Aggregate demand .. 7 Aggregate supply of 7 V. Saving-investment gap, or Why the low investment rate?.. 9 VI. Fiscal deficit: taxes, expenditure and public debt .. 11 Tax revenues .. 12 Tax Public expenditure 15 Public enterprises and 16 Financing the public debt .. 17 VII. Trade, balance of payments, and external 19 Exports and industrial performance .. 20 Trade and payments balance .. 22 OFW remittances .. 23 VIII. Concluding remarks: direction without drift?

G. Sicat, Philippine Macroeconomic Issues Page 4 of 30 Last printed 11/3/2006 2:27:00 PM On the goods side, the gradual evolution of the economy’s trade and industrial policy forced a restructuring of the industrial sector. This liberalization of the economy was accompanied by the enlarging role of ASEAN economic cooperation through the

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  Macroeconomics, Policy, Their, Issue, Causes, Philippine, Philippine macroeconomic issues and their causes

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