Current Account Dynamics and the Philippine Economy: Developments and Prospects Chapter 7: Servicification and firm performance: Evidence from Philippine manufacturing

Gloria Pasadilla, Neil Irwin Moreno, Benjamin Endriga and Ivan Cenon Bernardo
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Neil Irwin Moreno: The ASEAN Secretariat
Benjamin Endriga: Bangko Sentral ng Pilipinas
Ivan Cenon Bernardo: Bangko Sentral ng Pilipinas

BSP Special Publications from Bangko Sentral ng Pilipinas

Abstract: Services have played an increasingly important role in manufacturing. Each stage of the value chain—establishment of the business, pre manufacturing, manufacturing, post-manufacturing, and post-sales services—requires specific types of services. However, some services, such as management and accounting, are needed across the value chain. Services contribute between 50 and 60 percent to value added in all manufacturing sectors globally. Its contribution to manufacturing exports is estimated to be 37 percent. Creation Date: 2026-03

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Published as a BSP Special Publication, March 2026

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Persistent link: https://EconPapers.repec.org/RePEc:bhd:spcpub:ch-07

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