Asia's Underachiever: Deep Constraints in Philippine Economic Growth

Roehlano Briones ()

Development Economics Working Papers from East Asian Bureau of Economic Research

Abstract: Numerous studies have tried to explain the poor growth performance of the Philippines. This paper critically reviews related literature on constraints to long-run growth, as it applies to the Philippines. We evaluate several factors, namely : culture; corruption; and institutions. The last offers the most convincing explanation for mediocre growth. Hence, to raise the countrys growth trajectory, I recommend : sustained policy reform; less hand-wringing over Filipino culture and corruption; and above all, focused and sustained development of functional capitalistic institutions.

Keywords: development; growth constraints; Philippines; institutions (search for similar items in EconPapers)
JEL-codes: O10 O11 Q47 (search for similar items in EconPapers)
Date: 2009-01
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Working Paper: Asia's Underachiever: Deep Constraints in Philippine Economic Growth (2009)
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