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The Philippines on debt row

Author

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  • Beja, Jr., Edsel

Abstract

Heavy indebtedness and debt service payments, indicated by debt magnitudes and shares to national budgets, revenues, or outputs, mean that spending for public infrastructure and basic services is crowded out, even as they entail more borrowings in order to timely meet debt obligations. The failure to reduce indebtedness, improve national revenues, and raise incomes has contributed to the economic decrepitude of the Philippines. Debt relief is neces-sary to pull the country out of such a state of affairs.

Suggested Citation

  • Beja, Jr., Edsel, 2009. "The Philippines on debt row," MPRA Paper 16553, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:16553
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    File URL: https://mpra.ub.uni-muenchen.de/23232/1/MPRA_paper_23232.pdf
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    References listed on IDEAS

    as
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    2. Lim, Joseph Y., 2006. "Towards Financing the Millennium Development Goals of the Philippines," Discussion Papers DP 2006-23, Philippine Institute for Development Studies.
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    8. Robert S. Dohner & Ponciano Intal, Jr., 1989. "III: The Marcos Legacy: Economic Policy and Foreign Debt in the Philippines," NBER Chapters, in: Developing Country Debt and Economic Performance, Volume 3: Country Studies - Indonesia, Korea, Philippines, Turkey, pages 371-372, National Bureau of Economic Research, Inc.
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    11. Beja, Edsel Jr., 2007. "Win or Lose, it’s the policy we choose: Comparative economic performance of the inflation targeters," MPRA Paper 4833, University Library of Munich, Germany, revised 12 Sep 2007.
    12. M. Shahe Emran & Joseph E. Stiglitz, 2004. "Price-neutral Tax Reform With an Informal Economy," Public Economics 0407010, University Library of Munich, Germany.
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    Cited by:

    1. Luis Dumlao, 2013. "Gross International reserves: accumulation management, and relation to debt," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 50(1), pages 1-22, June.

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    More about this item

    Keywords

    Philippines; indebtedness; debt penalty; debt relief;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

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