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Volume 18, Number 1

This issue presents a range of studies on macroeconomic frameworks, trade policies, financial systems, and policy interventions affecting...

Volume 20, Number 1

This issue presents economic analyses on small and medium enterprise (SME) development, rural labor dynamics, monetary policy, and...

Volume 35, Number 1

This issue presents research on trade liberalization, economic vulnerability, aquaculture, and macroeconomic policy, offering valuable insights into their...

Defense Spending and Economic Growth: Time-Series Evidence on Causality for the Philippines, 1956-82

This paper tests the causality issue between defense spending and economic growth in the Philippines. The results of the tests...

Economic Growth and Defense Spending: Evidence on Causality for Selected Asian Countries

An earlier version of this paper has been presented in 1989 at the Institute for Strategic and International Studies in...

Money and Prices in the Philippines, 1981-1992: A Cointegration Analysis

Based largely on the work of Funke and Hall, estimation results indicate non-causality between money and price level attributed to...

R&D Gaps in the Philippines

Based on the chain of causality, R&D translates to innovation and to productivity/ technological progress, which ultimately leads to economic...

Econometric Analysis of the Export-led Growth Hypothesis: Evidence for BIMP-EAGA Countries

This paper employs several econometric methods to test the validity of the "export-led growth" hypothesis in three BIMP-EAGA countries, i.e.,...

The Philippine Journal of Development (PJD) is a multidisciplinary, peer-reviewed journal published biannually by the Philippine Institute for Development Studies (PIDS). It serves as a platform for disseminating policy-oriented research on development issues, including the economy, business, public administration, foreign relations, sociology, and political dynamics. 

P-ISSN 2508-0954 • E-ISSN 2508-0849 • https://doi.org/10.62986/pjd