Record Details

Philippine GDP growth after the Asian financial crisis: resilient economy or weak statistical system?

Philippine Review of Economics

View Archive Info
 
 
Field Value
 
Title Philippine GDP growth after the Asian financial crisis: resilient economy or weak statistical system?
 
Creator Medalla, Felipe M.; University of the Philippines School of Economics
Jandoc, Karl Robert L.; University of the Philippines School of Economics
 
Subject GDP; NIA; economy; financial crisis
 
Description Official statistics from the Philippine National Income Accounts (NIA) depict an economy that grew faster after the Asian financial crisis (AFC). Although higher output growth was accompanied by higher real growth rates of personal consumption and the service sector, import growth compression also figured as the dominant factor that accounted for the rise in the growth rate. In this respect, the Philippine experience is quite different from much of Asia where the growth rates of domestic absorption, exports, and imports rose or fell in tandem with gross domestic product (GDP) growth. This paper takes the view that the Philippines’ uniqueness is more a reflection of the weakness of its national income accounting system than the resiliency of its economy. Furthermore, since trends in many other economic indicators outside the NIA seem to contradict it, it is very likely that GDP growth after the AFC (and after 2000 in particular) has been overstated. JEL classification: O1, E01
 
Publisher Philippine Review of Economics
 
Contributor —
 
Date 2010-09-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/192
 
Source Philippine Review of Economics; Vol 46, No 1 (2009)
1655-1516
 
Language eng
 
Relation http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/192/677
 
Rights Copyright (c) 2017 Philippine Review of Economics