The Philippine Economy and Poverty During the Global Economic Crisis

Arsenio Balisacan, Sharon Piza, Dennis Mapa (), Carlos Abad Santos and Donna Odra
Additional contact information
Sharon Piza: Asia Pacific Policy Center
Carlos Abad Santos: Asia Pacific Policy Center
Donna Odra: Asia Pacific Policy Center

No 201008, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: Anecdotal evidence permeates accounts on the impact of the global economic crisis (GEC) on Philippine poverty. This study systematically assesses the evidence and recent data. It adopts a somewhat eclectic approach, applying regression and decomposition techniques to trace the GEC impact on GDP and its major components, constructing panel data from nationally representative household surveys to trace the changes in household welfare during the crisis, and combining national income accounts and household survey data to simulate the differential effects of the crisis across population groups and social divides. Empirical findings suggest that although the Philippine economy did not slide to recession during the GEC, the impact of the crisis on the economy and poverty across population groups was nonetheless severe -- and may linger for many years to come.

Pages: 9 pages
Date: 2010-08
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Citations: View citations in EconPapers (5)

Published as UPSE Discussion Paper No. 2010-08, August 2010

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Journal Article: The Philippine economy and poverty during the global economic crisis (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:phs:dpaper:201008

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