Abstract
This issue examines critical issues in fiscal policy, poverty measurement, and financial system analysis in the Philippines. It begins with an assessment of the Local Government Code’s fiscal impact, simulating financial repercussions and identifying strengths and weaknesses in its implementation. A discussion on revisions to the 1991 System of National Accounts follows. Two articles focus on poverty measurement. The first highlights the risks of overestimating aggregate poverty when using household expenditure data without normalizing household size. The second proposes an alternative approach that incorporates categorical indicators of living standards. The issue also explores financial system stability through an empirical study on classifying rural banks using financial ratios. While the statistical model provides a structured and efficient classification method, the article underscores that it should complement, rather than replace, direct bank examinations.
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