Enterprises in the Philippines: Dynamism and Constraints to Employment Growth
Khor, Niny; Sebastian, Iva; Aldaba, Rafaelita | February 2013
Abstract
This paper seeks to analyze the factors affecting the growth of enterprises in the Philippines, as measured from the expansion of employment. The paper contributes to the literature in two ways. First, it attempts to provide a comprehensive background of the various policies and legislations that affect firms in the country. Second, using micro-level data of the firms in 2009, we correlate the observed growth of these firms with reported constraints in the business environment within which these firms operate, to investigate which ones are binding constraints. We find significant correlations between a subset of these indicators of business climates and the issues raised in previous literature, and the effects vary across firms of different sizes. Given the challenging global climate in the aftermath of the global financial crisis of 2008 and 2009, more than a third of these firms expanded their payroll and majority saw growth in real sales. Amidst a sea of subjective self-reported responses, we manage to find certain empirical regularities that withstand a battery of robustness checks. These correlations between a subset of indicators for business climates and the growth or expansion of firms may shed some light on future potential policies to assist these firms, as well as provide directions for further research.
Citation
Khor, Niny; Sebastian, Iva; Aldaba, Rafaelita. 2013. Enterprises in the Philippines: Dynamism and Constraints to Employment Growth. © Asian Development Bank. http://hdl.handle.net/11540/2330. License: CC BY 3.0 IGO.ISSN
2313-6537(print) 2313-6545(e ISSN)
Keywords
Economic Crisis
Economic Efficiency
Economic Policies
Regional Economic Development
Job Evaluation
Evaluation
Price stabilization
Food prices
Price policy
Crisis
Unemployment
Economic cooperation
Gross domestic product
Employment
Economic forecast
Open price system
Price fixing
Price regulation
Consumer price indexes
Financial crisis
Labor economics
Regional economics
Turnover
Economic survey
Job analysis
Labor turnover
Show allCollapse
Citable URI
http://hdl.handle.net/11540/2330Metadata
Show full item recordUsers also downloaded
-
Air Connectivity in Archipelagic Southeast Asia: An Overview
Trace, Keith; Frielink, Barend; Hew, Denis (Asian Development Bank, 2009-09-01)The archipelagic region of Southeast Asia consists of 24,000 islands, spread across 5,200 kilometers (kms) from east to west and 3,400 kms from north to south, with a population of about 350 million. Many of the islands are poor, remote from main centers of economic activity, and not well connected. Improving air connectivity can be instrumental in reducing development gaps. The paper examines ...The archipelagic region of Southeast Asia consists of 24,000 islands, spread across 5,200 kilometers (kms) from east to west and 3,400 kms from north to south, with a population of about 350 million. Many of the islands are poor, remote from main ... -
Annual Report 2014: Operational Data
Asian Development Bank (Asian Development Bank, 2015-01-01)The page has additional information for the ADB Annual Report 2014. In 2014, the Asian Development Bank (ADB) approved $22.93 billion in development assistance, including $13.69 billion financed by ADB’s ordinary capital resources and special funds, and a record $9.24 billion by cofinancing partners. Disbursements totaled $10.01 billion, an increase of $1.47 billion (17%) from 2013, and the first ...The page has additional information for the ADB Annual Report 2014. In 2014, the Asian Development Bank (ADB) approved $22.93 billion in development assistance, including $13.69 billion financed by ADB’s ordinary capital resources and special funds, ... -
Economics of Climate Proofing at the Project Level: Two Pacific Case Studies
Guild, Robert; Drilon, Maria Lourdes (Asian Development Bank, 2013-12-01)This work supports ADB's thrust towards developing guidelines for climate adaptation and climate proofing of proposed projects in the Pacific DMCs, which are extremely vulnerable to climate change, particularly sea level rise. This study mainly involved the development of economic models of cost and benefit analysis for the climate proofing of projects under different climate change scenarios, using ...This work supports ADB's thrust towards developing guidelines for climate adaptation and climate proofing of proposed projects in the Pacific DMCs, which are extremely vulnerable to climate change, particularly sea level rise. This study mainly involved ...