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Policy Reforms and Institutional Weakness : Closing The Gap

Author

Listed:
  • Gilberto M. Llanto

    (Philippine Institute for Development Studies, University of the Philippines)

  • Eduardo T. Gonzalez

Abstract

The promise and potential of the Philippine economy has remained unrealized notwithstanding the countrys talented labor force, skilled professionals and relatively abundant resources. What ails the Philippines? This paper argues that the incompetence and downright corruption of Philippine institutions have much to do with the countrys dismal performance in economic growth and poverty reduction. It draws attention to the significance of effective institutional and regulatory frameworks in orchestrating the policy development process and the need to create competent institutions to nudge such process in the direction of implementing better policies. examines strategic triggers for reform while the final section explores institutions and strategies to support the policy development process.

Suggested Citation

  • Gilberto M. Llanto & Eduardo T. Gonzalez, 2007. "Policy Reforms and Institutional Weakness : Closing The Gap," Governance Working Papers 21927, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:govern:21927
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    File URL: http://www.eaber.org/node/21927
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    References listed on IDEAS

    as
    1. Patalinghug, Epictetus & Llanto, Gilberto M., 2005. "Competition Policy and Regulation in Power and Telecommunications," Discussion Papers DP 2005-18, Philippine Institute for Development Studies.
    2. Epictetus E. Patalinghug & Gilberto M. Llanto, 2005. "Competition Policy and Regulation in Power and Telecommunications," Microeconomics Working Papers 22048, East Asian Bureau of Economic Research.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Apeti, Ablam Estel & Edoh, Eyah Denise, 2023. "Tax revenue and mobile money in developing countries," Journal of Development Economics, Elsevier, vol. 161(C).
    2. Ablam Estel Apeti, 2022. "Household welfare in the digital age: Assessing the effect of mobile money on household consumption volatility in developing countries," Post-Print hal-03819779, HAL.
    3. Emmanuel S. de Dios, 2011. "Institutional constraints on Philippine growth," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 48(1), pages 71-124, June.
    4. Apeti, Ablam Estel, 2023. "Household welfare in the digital age: Assessing the effect of mobile money on household consumption volatility in developing countries," World Development, Elsevier, vol. 161(C).

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    1. Llanto, Gilberto M. & Gonzalez, Eduardo T., 2007. "Policy Reforms and Institutional Weaknesses: Closing the Gap," Discussion Papers DP 2007-07, Philippine Institute for Development Studies.
    2. Gilberto Montecer Llanto, 2007. "The Policy Development Process and the Agenda for Effective Institutions : The Philippines," EABER Working Papers 21874, East Asian Bureau of Economic Research.

    More about this item

    Keywords

    policy development process; effective institutions; regulatory framework; Governance; accountability; rule of law;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy

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