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Stimulating Investment and Growth in the Philippines : the Need for First-Order Market Reforms

Author

Listed:
  • Desiree A. Desierto

    (School of Economics, University of the Philippines Diliman)

  • Geoffrey M. Ducanes

    (School of Economics, University of the Philippines Diliman)

Abstract
We show that the most important barriers to investment and growth in the Philippines are structural and institutional problems that are characteristic of limited access societies, which can be more effectively and efficiently overcome by prioritizing ‘first-order’ market reforms that increase competition and openness, rather than by government regulations that enforce against the distortions.

Suggested Citation

  • Desiree A. Desierto & Geoffrey M. Ducanes, 2011. "Stimulating Investment and Growth in the Philippines : the Need for First-Order Market Reforms," UP School of Economics Discussion Papers 201108, University of the Philippines School of Economics.
    • Handle: RePEc:phs:dpaper:201108
    as

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    File URL: http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/676/141
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    References listed on IDEAS

    as
    1. Lien, Da-Hsiang Donald, 1986. "A note on competitive bribery games," Economics Letters, Elsevier, vol. 22(4), pages 337-341.
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