The Philippine review of economics最新文献_第5页

Benito Legarda, Jr.: in his own words and an appreciation 小贝尼托·莱加尔达:用他自己的话和赞赏

The Philippine review of economics Pub Date : 2021-07-22 DOI: 10.37907/1erp0202d

G. Sicat

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Dr. Benito Legarda, Jr. as economic diplomat 贝尼托·莱加尔达博士担任经济外交官

The Philippine review of economics Pub Date : 2021-07-22 DOI: 10.37907/2erp0202d

Cesar E. A. Virata

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Forecasting residential electricity demand in the Philippines using an error correction model 使用误差修正模型预测菲律宾居民用电需求

The Philippine review of economics Pub Date : 2021-07-22 DOI: 10.37907/6erp0202j

Angelo Gabrielle F. Santos

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By his words alone: the economic consequences of Rodrigo Duterte 仅凭他的话：罗德里戈·杜特尔特的经济后果

The Philippine review of economics Pub Date : 2021-07-01 DOI: 10.37907/4erp0202j

Elain Brianne Balderas, Alyanna Maria Belen Bernardo

{"title":"By his words alone: the economic consequences of Rodrigo Duterte","authors":"Elain Brianne Balderas, Alyanna Maria Belen Bernardo","doi":"10.37907/4erp0202j","DOIUrl":"https://doi.org/10.37907/4erp0202j","url":null,"abstract":"Philippine President Rodrigo Duterte has gained worldwide notoriety for his foul-mouthed statements, particularly for his threats directed towards the nation’s largest businesses and their powerful owners. Such pronouncements, which may be mistaken for shifts in government policy, may inadvertently provoke the business sector to react negatively. This paper examines whether President Duterte's negative business-related pronouncements have an appreciable effect on the Philippine Stock Exchange Index (PSEi). We apply an interrupted time series model on PSEi data for the period June 30, 2016 until December 31, 2019 to determine Duterte’s impact on stock prices under six different intervention scenarios. Specifically, we test different classifications of business pronouncements— initial business pronouncements, anti-oligarch statements, personal attacks, and combinations of the three. The results show a significant relationship between Duterte’s negative business-related pronouncements on the PSEi closing price, with the biggest changes occurring during the first times he brought up a particular issue or addressed a certain personality. We aggregated the losses for the period 2018-2019 resulting from these pronouncements. For the five pronouncements, we estimate the combined losses to rise from ₱1 million on the day they were made to ₱47 million within five days and, as the market continues to adjust, up to ₱441 million within ten days.","PeriodicalId":91420,"journal":{"name":"The Philippine review of economics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48128085","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

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The conditional altruist and the Samaritan’s dilemma 条件利他主义者和撒玛利亚人的困境

The Philippine review of economics Pub Date : 2021-07-01 DOI: 10.37907/5erp0202j

Joselito T. Sescon

{"title":"The conditional altruist and the Samaritan’s dilemma","authors":"Joselito T. Sescon","doi":"10.37907/5erp0202j","DOIUrl":"https://doi.org/10.37907/5erp0202j","url":null,"abstract":"The Samaritan’s dilemma refers to any situation in which an actual or expected altruistic behavior of one actor generates an incentive for exploitation on the recipient, such that the altruist suffers a welfare loss beyond the cost of the originally intended transfer. This study hypothesized that the Samaritan’s dilemma condition does (not) apply when the help given is a substitute for (complement to) the effort of the beneficiary to help herself. Using static and sequential game analyses, it is proven that either substitution or complementary condition could arise in the act of giving and receiving help. It is in the substitution condition only that the Samaritan dilemma arises. The players in a sequential game, with the first-mover advantage, can transform the game’s payoffs by setting assistance or work effort at the outset that forces the other player to adjust. Thus, Buchanan’s Samaritan’s dilemma is not a universally strategic outcome in the altruistic acts of giving. The empirical part tested if the Samaritan’s dilemma pervades or not in Philippine households by investigating the effects of expenditures of gifts on work hours. Household total transfers (consumption gifts plus remittances) and household members’ work effort are found substitutes. Thus, the Samaritan’s dilemma equilibrium is implied. However, there is also an implied equilibrium outside that of the Samaritan’s dilemma among high-effort workers: for these theoretically \"altruist\" workers, the gifts and income transfers are complementary to work hours.","PeriodicalId":91420,"journal":{"name":"The Philippine review of economics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43175140","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

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A socio-economic history of a village in Central Luzon: Thirty-six years of household survey, 1977-2013 吕宋中部一个村庄的社会经济史：1977-2013年36年的住户调查

The Philippine review of economics Pub Date : 2021-05-27 DOI: 10.37907/3erp1202j

F. Quimba, J. Estudillo

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The COVID-19 Pandemic, Remittances and Financial Inclusion in the Philippines 新冠肺炎疫情、菲律宾汇款和金融普惠

The Philippine review of economics Pub Date : 2021-05-27 DOI: 10.37907/2ERP0202J

Eiji Yamada, Satoshi Shimizutani, Enerelt Murakami

引用次数: 1

Forces of modernization and the welfare of rural households: a saga of a village in Central Luzon, 1977-2013 现代化的力量和农村家庭的福利:吕宋岛中部一个村庄的传奇，1977-2013

The Philippine review of economics Pub Date : 2021-05-27 DOI: 10.37907/3ERP0202J

F. Quimba, J. Estudillo

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Clubs, Coase, and the Role of Government 俱乐部、科斯与政府角色

The Philippine review of economics Pub Date : 2021-05-26 DOI: 10.37907/1ERP0202J

J. Roumasset

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The Bullinger Pool in Burma, 1921 to the mid-1930s 1921年至20世纪30年代中期，缅甸的布林格池

The Philippine review of economics Pub Date : 2021-01-01 DOI: 10.37907/5erp0202d

M. S. Diokno

{"title":"The Bullinger Pool in Burma, 1921 to the mid-1930s","authors":"M. S. Diokno","doi":"10.37907/5erp0202d","DOIUrl":"https://doi.org/10.37907/5erp0202d","url":null,"abstract":"One of the most important developments in the history of the rice trade of colonial Burma was the creation of the Bullinger Pool in 1921, a combination of four large British milling and export firms based on a common price policy for the purchase and sale of paddy and rice. These firms dominated the rice trade at a time when paddy was the “true currency” of the country [Binns 1948:50]: as the source of livelihood for the majority and the form of payment for rent, loans, and wages. The collective position of the four companies—Steel Bros. and Co., Ltd., Bulloch Bros. and Co., Ltd., Ellerman’s Arracan Rice and Trading Co., Ltd., and Anglo-Burma Rice Co., Ltd.—reached such magnitude in the rice trade that by the 1930s, the conglomerate had become the subject of a legislative inquiry and the object of organized Burmese protest. The accusation against the Pool was that it manipulated prices in order to rake in huge profits, especially at the time of economic depression in the early 1930s. Even if the allegations of what one today might consider unfair trade practice were officially dismissed, as they were, the paper demonstrates that the Pool’s primary advantage, especially its access to paddy supplies, was the cornerstone of its position in the rice trade, making any measure of control plausible at the least. Since the relationship between paddy and rice prices was crucial to the industry’s pricing mechanism, the existence of a combination to set prices for both paddy and rice in the local market made the industry vulnerable to manipulation.","PeriodicalId":91420,"journal":{"name":"The Philippine review of economics","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70202682","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0