Rising Growth, Declining Investment : The Puzzle of the Philippines

The economy of the Philippines is open to trade and capital inflows, and has grown rapidly since 2002. Over the last 10 years, however, domestic investment, while stagnant in real terms, has shrunk as a share of GDP. In an open and growing economy,...

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Bibliographic Details
Main Author:	Bocchi, Alessandro Magnoli
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO BANK ACCOUNTING ADVERSE EFFECTS AGGREGATE DEMAND AGRICULTURAL COMMODITIES AGRICULTURE ARREARS ASSET HOLDINGS ASSET QUALITY ASSET RATIOS AVAILABILITY OF CREDIT BALANCE SHEETS BANK BALANCE SHEETS BANK CREDIT BANK LENDING BANK POLICY BANKING SECTOR BANKING SYSTEM BARRIERS TO ENTRY BENCHMARKS BENEFICIARY BOOK VALUE BROAD MONEY CAPITAL ACCOUNT CAPITAL INFLOWS CAPITAL STOCK CENTRAL BANK CENTRAL GOVERNMENT DEBT COMMERCIAL BANK COMPETITIVENESS CONFLICTS OF INTERESTS CONTRACT ENFORCEMENT CORPORATE PROFITS CORPORATE SAVINGS CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT SURPLUS CURRENT ACCOUNT SURPLUSES DEBT DEBT CRISIS DEBT INTEREST DEBT OVERHANG DEBT SERVICE DECLINE IN INVESTMENT DEFICITS DEMAND CURVES DEMAND FOR CREDIT DEPOSIT DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DOMESTIC CAPITAL DOMESTIC CREDIT DOMESTIC MARKET DURABLE DURABLE EQUIPMENT ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC OUTLOOK ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC POWER ECONOMIC RESEARCH ECONOMIC SYSTEM ECONOMIC THEORY EQUILIBRIUM EQUITY MARKET EXCHANGE RATE EXCISE TAXES EXPECTED RETURNS EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORT PERFORMANCE EXPORTERS EXPORTS EXTERNAL DEBT EXTERNAL FINANCE FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR FISCAL BURDEN FISCAL CONSTRAINTS FISCAL DEFICIT FISCAL EFFORTS FISCAL POLICY FIXED CAPITAL FIXED COSTS FIXED INVESTMENT FIXED INVESTMENTS FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS GDP GDP PER CAPITA GLOBAL ECONOMY GNP GOVERNMENT ASSETS GOVERNMENT BORROWING GOVERNMENT POLICIES GOVERNMENT REVENUES GOVERNMENT SECURITIES GOVERNMENT SUPPORT GROSS FIXED CAPITAL FORMATION GROWTH POTENTIAL GROWTH RATE HOUSEHOLD SAVINGS HUMAN CAPITAL INCOME INCOME TAXES INDEXATION INDUSTRIAL ECONOMIES INFLATION INSURANCE INTEREST COSTS INTEREST PAYMENTS INTEREST RATE INTERNATIONAL BANK INTERNATIONAL INVESTMENT INTERNATIONAL STANDARDS INVESTING INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT HORIZON INVESTMENT RATES INVESTMENT SPENDING INVESTOR UNCERTAINTY LABOR MARKET LABOR MARKETS LACK OF CREDIBILITY LAND POLICIES LAND REFORM LENDING INTEREST RATE LIQUIDITY LOCAL EXCHANGE LOCAL MARKET M3 MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARGINAL COST MARGINAL PRODUCT MARGINAL REVENUE MARKET COMPETITION MARKET PARTICIPANTS MARKET SHARE MARKET STRUCTURE MATHEMATICAL ECONOMICS MOBILE PHONES MONOPOLIES MONOPOLY NASH EQUILIBRIUM NON-PERFORMING LOANS OLIGARCHY OLIGOPOLIES OLIGOPOLISTIC MARKET OLIGOPOLISTIC MARKETS OLIGOPOLY OWNERSHIP STRUCTURE POLICY CREDIBILITY POLITICAL ECONOMY POLITICAL ECONOMY OF REFORM POLITICAL RISKS PORTFOLIO PORTFOLIO INVESTMENT POSITIVE ECONOMICS POST-CRISIS PERIOD POTENTIAL INVESTORS PRICE INCREASES PRINCIPAL-AGENT PROBLEMS PRIVATE CAPITAL PRIVATE CAPITAL INFLOWS PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SECTOR CREDIT PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC DEBT PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SPENDING REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP REGULATORY CAPACITY REGULATORY CAPTURE REGULATORY FRAMEWORK REGULATORY POLICY REMITTANCE REMITTANCES RENT SEEKING RESERVES RETURN RISK PREMIUM RISK SHARING STOCK MARKET STOCKS SURPLUS LABOR TAX TAX COLLECTION TAX INCENTIVES TAX POLICY TAXATION TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADING TRANSACTION TRANSACTION COSTS TREASURY UNEMPLOYMENT UNEMPLOYMENT RATE WAGES WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2008/01/9329050/rising-growth-declining-investment-puzzle-philippines http://hdl.handle.net/10986/6523

Internet

http://documents.worldbank.org/curated/en/2008/01/9329050/rising-growth-declining-investment-puzzle-philippines
http://hdl.handle.net/10986/6523

Rising Growth, Declining Investment : The Puzzle of the Philippines

Internet

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