A Macroeconometric Energy Policy Simulation Model for the Philippines: Structural Analysis

Leander Alejo

No WP 1981-05, Working Papers from Philippine Institute for Development Studies

Abstract: Current planning and policymaking have not been very successful in terms of target-setting and policy prescriptions because of the seemingly implicit treatment of the energy factor in the formulation of models for policy and planning. This paper reports the results of an econometric modeling project aimed at studying energy-economy interactions in the Philippine economy. Specifically, it seeks to quantify the impact of the energy crisis on macroeconomic variables of policy importance and, relatedly, may be used to evaluate the effectiveness of government policy reactions (fiscal, monetary, and balance-of-payments policies) to the energy crisis of the 1970s.

Keywords: energy sector; econometric modeling; energy policy; energy crisis; policy simulation model; energy disturbance variables (search for similar items in EconPapers)
Pages: 63
Date: 1981
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