1,721,004 research outputs found
Subjective Well-Being Approach to the Valuation of International Development: Evidence for the Millennium Development Goals
No full textThe subjective well-being approach to the valuation of international development is applied to the Millennium Development Goals (MDGs). Results indicate that the rich countries have particular preference for education, healthcare, and housing; they are willing to accept compensation for a failure to meet the three targets by 2015. The poor countries view all the MDGs as important; they are willing accept compensation for a failure to achieve all the targets by 2015. Results also indicate that what the poor countries are willing to accept in terms of compensation matches the amount that would have been the pledge of 0.7% proportion of incomes of the rich countries for international aid. These findings imply that the MDGs can be accomplished at an affordable cost
Maximizing versus satisficing: Negative correlation between maximizing attitude and school domain satisfaction
No full textThe study uses a projection method to identify maximizing and satisficing individuals in a sample of college students from the Philippines. The study defines a maximizing individual as one who sketches a full glass that is filled up to the brim and a satisficing individual as one who sketches a full glass that is filled below the brim. The study also uses data on school domain satisfaction of the college students. The analysis finds that individuals who maximize also experience lower school domain satisfaction
Working Out the Willingness to Accept and Willingness to Pay Gap Using Economics, Psychology, and Happiness Approaches to Valuation
No full textThe gap between willingness to accept and willingness to pay is an outcome of incomplete valuation procedure. The solution then is a complete valuation procedure. One approach presented in this paper focuses on the income and substitution effects as the missing items to the valuation procedure. Another approach deals with the hedonic contents of the income, the good, and the setting of the good as the missing items to the valuation procedure. This paper submits a third approach that uses (evaluative) happiness as a proxy of utility while taking account of the hallmarks of the other two valuation procedures: the setting of the good under consideration and the income and substitution effects
Projects of Power, Discourses of Dissent
No full textThe theme of this Kasarinlan volume is “Political Economy of Ideas.” It brings together five interesting papers with a common thread on ideas embedded in discourse. Generally, discourses in economics, politics, and society get less attention than the actual flows of money, commodities, and people, perhaps because ideas are even more fluid, intangible, and changing. Yet, discourse, which is not independent of the socioeconomic realities of those doing it, defines what gets to be discussed, to be seen, to be printed, and so forth; and, in turn, such attention redefines the discussions, the visions, and the publications
Was Capital Fleeing Southeast Asia? Estimates from Indonesia, Malaysia, the Philippines, and Thailand
No full textCapital flight is the movement of capital from a resource-scarce developing country to avoid social control. It is measured as the net unrecorded capital outflow, or the residual between officially recorded uses and sources of funds. For Indonesia, Malaysia, the Philippines, and Thailand, we estimated total capital flight at US 1 trillion as of 2002. The figures mean large amounts of lost resources that could have been utilized in the four countries to generate additional output and jobs
Capital flight from the Philippines, 1970-2002
Full text linkCapital flight is defined as the movement of capital from resource-scarce developing countries to avoid social controls. It is measured as net unrecorded capital outflow, or the residual between officially recorded uses and sources of funds. Total capital flight from the Philippines was estimated at USD 138 billion (in 1995 constant prices) for the period 1970-2002. Including imputed interest earnings, the stock of capital flight as of 2002 was USD 218 billion. Indeed, by any yardstick, these figures are significant amounts of lost resources that could have been utilized to generate additional output and jobs in the country. Were it not for capital flight, the Philippines would have reached an economic performance like the Asian economic tigers
LoginCreate AccountAdmin Win or Lose, tt’s the policy we choose: Comparative economic performance of the inflation targeters
No full textThe inflation-growth relationship for the inflation targeters is estimated for the period 2001-2006. The results show that inflation is negatively correlated with economic growth, while the indicators for aggregate demand and aggregate supply are positively correlated with economic growth. The findings suggest that a combination of economic policies is more fruitful than a singular focus on inflation targeting. This conclusion is applicable to the case of the Philippines, where inflation is often driven by aggregate supply-linked factors rather than demand-linked factors
Capital Flight and Economic Performance: Growth Projections for the Philippines
Full text linkCapital flight aggravates resource constraints and contributes to undermine longterm economic growth. Counterfactual calculations on the Philippines suggest that capital flight contributed to lower the quality of long-term economic growth. Sustained capital flight over three decades means that capital flight had a role for the Philippines to lose the opportunities to achieve economic takeoff. Unless decisive policy actions are taken up to address enduring capital flight and manage the macroeconomy more effectively, the Philippines remains caught in the perpetuity of crises, its economy hollowed-out, the people trapped in poverty, and once again, the country is frustrated from realizing a takeoff
Income and Happiness: a Commentary
Full text linkThe paper discusses five items pertinent to Palanca-Tan (2021) – namely, Easterlin paradox, Easterlin hypothesis, happiness-income model, happiness survey question, and happy poor. The goal is to offer clarification and to help enrich the understanding of readers of Palanca-Tan
Brothers in Distress: Revolving Capital Flows of Indonesia, Malaysia, and Thailand
No full textThe paper examines hypothesized linkages between external borrowings and capital flights as presented in [Boyce, J. K. (1992). The revolving door? External debt and capital flight: Philippine case study. World Development, 20(3), 335–349]. The results for Indonesia, Malaysia, and Thailand show that large sums of capital flowed in and out of these economies in a revolving door fashion. The findings suggest the necessity for sound domestic management as well as effective international involvement in capital flows
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