To determine the laws which regulate... distribution, is the principal problem in Political Economy.
My research interests spread across areas such as long-run growth in Asia (especially the debate on the sources of growth), the dynamics of structural change, industrial policy, inclusive growth and full employment, the impact of technology on employment, productivity, technological progress, the functional distribution of income, business cycles, and the path of profit rates
Between 2022 and 2026, I was the Dr. Liu Ta-Jen Distinguished Professorial Chair in Business
and Economics and a Distinguished Professor and Research Fellow in the Carlos L. Tiu School of
Economics, De La Salle University (Manila, Philippines).
Between 1996 and 2022, I was Advisor to the Chief Economist, in the Economic Research and
Regional Cooperation Department of the Asian Development Bank (ADB), Manila, Philippines,
where I worked from 1996 to 2022. During this time, I developed the work program on “Asia’s
Economic Transformation”. As a Senior official of ADB, I travelled extensively throughout Asia,
participated in many policy discussions with Governments, and provided advice on the design
of development plans.
I am also research associate of the Levy Economics Institute of Bard College; the Center for Full
Employment and Price Stability, University of Missouri –Kansas City; and the Centre for Full
Employment and Equity (CofFEE), The University of Newcastle, Australia.
I undertook my undergraduate studies in Spain at the Universidad Autónoma de Madrid. I hold
M.A. degrees from the International University of Japan and from the University of
Pennsylvania, and a Ph.D. from the University of Pennsylvania.
Most of my research is on two programs. One is the role of structural change in development,
especially in Asia; and the other one is on the foundations of the aggregate production.
I have held academic positions with the Hong Kong University of Science and Technology (Hong
Kong, PRC) during 1995-1996, and with the Georgia Institute of Technology (Atlanta, USA),
during 1999-2002 (while I was on leave from ADB).
Between 2015 and 2022, I was Managing Editor and member of the Editorial Board of the Asian
Development Review. Also, I have been Editor and member of the Advisory Board Board
of Metroeconomica since 2008.
I have published my work in (among others) Applied Economics, Bulletin of Economics Research,
Cambridge Journal of Economics, Eastern Economic Journal, Economics of Education Review,
International Review of Applied Economics, Japan and the World Economy, Journal of
Comparative Economics, Journal of Development Studies, Journal of Evolutionary Economics,
Journal of Income Distribution, Journal of the Japanese and International Economies, Journal of
Post Keynesian Economics, Metroeconomica, Open Economies Review, Oxford Development
Studies, Structural Change and Economic Dynamics, and World Development.
I have also published the following books: The Philippine Economy Toward 2025: Economic
Structure and Monetary Reality (Routledge, 2026); Innovation and Structural Transformation in
Asia (Routledge, 2025); Development and Modern Industrial Policy in Practice: Issues and
Country Experiences (Edward Elgar, 2015); The Aggregate Production Function and the
Measurement of Technical Change: ‘Not Even Wrong’ (Edward Elgar, 2013); Inclusive Growth,
Full Employment and Structural Change. Implications and Policies for Developing Asia (Anthem
Press, 2009); Labor Markets in Asia: Issues and Perspectives (Palgrave Macmillan, 2006).
Connect With Me
Asian Institute of Management
Eugenio Lopez Foundation Bldg. 123 Paseo De Roxas, Makati City, 1229 Philippines
Email: jfelipe@aim.edu
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