English, Article, Journal or magazine article edition: Intersectoral resource allocation and its impact on economic development in the Philippines Fumihide Takeuchi; Takehiko Hagino

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/165142
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Intersectoral resource allocation and its impact on economic development in the Philippines
Author
  • Fumihide Takeuchi
  • Takehiko Hagino
Physical Description
  • preprint
Notes
  • For sustained growth, a developing economy must provide productive employment opportunities in nonagricultural sectors. As the economy grows, employment shifts from the agricultural sector to industrial and service sectors. The move away from agriculture happens because of the decline in the income elasticity of food as incomes rise, the discovery of substitutes for agricultural products, and rapid technological changes in agriculture in response to shortages of land. The economic policies developing economies pursue are typically designed to accelerate this structural transformation by favoring the industrial sector. In the Philippines, however, the outcome of these policies was unique. Measures designed to discourage agriculture, rather than encourage the industrial sector, caused both the industrial sector and the agricultural sector to deteriorate. The authors criticize financial conglomerates for creating highly oligopolistic market structures that were responsible for the inefficient use of resources and unbalanced income distribution. Many of the conglomerates (dubbed"landed capitalists") channeled massive state resources into such traditional economic activities as sugar and coconut farming, limiting the country's industrial diversification.
  • Economic Theory&​Research,Environmental Economics&​Policies,Banks&​Banking Reform,Fiscal&​Monetary Policy,Agricultural Knowledge&​Information Systems,Economic Theory&​Research,Banks&​Banking Reform,Agricultural Knowledge&​Information Systems,Municipal Financial Management,Environmental Economics&​Policies
  • RePEc:wbk:wbrwps:1883
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment