Some Aspects of Japanese Investments in the Philippines

Florian Alburo
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Florian Alburo: School of Economics, University of the Philippines Diliman

No 198113, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: The paper describes the pattern of Japanese private investment in the Philippines, reviews the analytical aspects of private foreign investment in general and how Japanese investment fit in that framework and suggest directions for policy and research analysis. Philippine exposure to Japanese investments is slight though not insignificant compared with the rest of the ASEAN countries and in terms of growth rates in the seventies. There has been a noticeable surge however relative to the sixties. Japanese investments are analyzed (using available aggregate data) in terms of determinants and impact. It is shown that the behavior of Japanese investments in the Philippines follows the patterns in other empirical studies of foreign investments in general. The more important question in assessing investment is in regard to their replacement by indigenous capital and resources. This is likewise analyzed in the paper. Some implications are drawn with respect to investments policies and areas for further research.

Date: 1981-12
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Published as UPSE Discussion Paper No. 1981-13, December 1981

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Persistent link: https://EconPapers.repec.org/RePEc:phs:dpaper:198113

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