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GTAP Resources: Resource Display

GTAP Resource #3356

"Global economic crisis, gender and poverty in the Philippines"
by Corong, Erwin


Abstract
The Philippines like most developing economies has not been spared from the global economic contraction. Although the country’s financial sector remained stable, owing to reforms instituted after the 1997 Asian financial crisis and limited exposure to US assets, it still suffered a dramatic deceleration in economic growth. This deceleration is attributed to slowdown in international trade, reduction foreign direct investment, cutback in household consumption and moderate increase in unemployment. While recent assessments on the impact of global crisis on the Philippines have been made, no study has so far assessed the economy-wide effects and the poverty and inequality impacts of the crisis on the Philippine economy. Furthermore, no analysis has been undertaken to understand how the crisis may have affected men and women in the Philippines. To the extent that most women in the Philippines work in export-oriented industries such as textiles and semi-conductors, as well as in service related industries like trade and business process outsourcing, it is important that an analysis that accounts for the differential impact on men and women be undertaken. Using a computable general equilibrium model linked to a micro-simulation module, this paper analyzes the economy-wide effects of a reduction in export demand facing the Philippine economy. We pay particular emphasis on the exports channel relative to the foreign direct investment (FDI) since investment inflows into the Philippines declined since the turn of the century. The analysis traces the transmission channels from the macro-economic to the microeconomic level: from gross domestic product to output and factor supplies and demands; from commodity and factor prices to employment by gender and household incomes to levels of poverty and income distribution.


Resource Details (Export Citation) GTAP Keywords
Category: 2010 Conference Paper
Status: Published
By/In: Presented at the 13th Annual Conference on Global Economic Analysis, Penang, Malaysia
Date: 2010
Version:
Created: Corong, E. (4/15/2010)
Updated: Corong, E. (4/15/2010)
Visits: 962
- Agricultural policies
- Foreign direct investment
- Asia (East)
- Asia (Southeast)
- Asia (South-Central)
- Oceania
- Middle East
- European Union
- North America
- South America


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