Recent Working Papers
2026
(Click title to download)
- “Who Exports, Diversifies, and Upgrades in the Philippines? A Firm-level Analysis” (with Nanditha Mathew and Jacobe Joaquin Selliva).
- “Energy in Production Functions: A Cautionary Note and a Reply to the Critics” (with Alberto Garzón).
- "Did the thieves steal our taxes? An essay on the Innocent Frauds that perpetuate economic misunderstandings over the corruption scandal and Philippine policymaking" (With Scott Fullwiler, Gerardo Largoza, and Mariel Monica Sauler). Carlos L. Tiu School of Economics. De La Salle University, Manila.
- "A Reply to Professor Alfredo Paloyo" (With Scott Fullwiler, Gerardo Largoza, and Mariel Monica Sauler). Carlos L. Tiu School of Economics. De La Salle University
- "The Bad, the Ugly, and the Possibly Good About Flood Control Corruption" (With Gerardo Largoza and Mariel Monica Sauler). Carlos L. Tiu School of Economics. De La Salle University
2024
(Click title to download)
- "The ANIMO Econometric Model Database of De La Salle University: Variables and Technical Notes (with Eva Marie Aragones, Julian Perez, and Mariel Monica Sauler). Working Paper No. 2024-10-098. (October 2024). Angelo King Institute, De La Salle University, Manila.
- “The Aggregate Production Function and Solow’s “Three Denials”” (with John McCombie). Working Paper No. 1046 (March 2024). Levy Economics Institute of Bard College, New York. Also published as Working Paper No. 2024-03-092 (March 2024). De La Salle University – Angelo King Institute for Economics and Business Studies
- “Do changes in the real exchange rate affect the trade balance? Evidence from European countries" (with José Antonio Pérez-Montiel and Oguzhan Ozcelebi). Working Paper No. 2024-02-091 (February 2024). Angelo King Institute, De La Salle University, Manila.
- “Can the Philippines attain 6.5-8 Percent Growth During 2023-28? An Assessment Based on the Estimation of the Balance-of-Payments-Constrained Growth Rate” (with Manuel Leonard Albis). Working Paper No. 1039 (February 2024). Levy Economics Institute of Bard College, New York. Also published as Working Paper No. 2024-02-090 (February 2024). De La Salle University – Angelo King Institute for Economics and Business Studies
-
“The Estimation of Production Functions with Monetary Values” (with John McCombie and Aashish Mehta). Working Paper No. 1036 (January 2024). Levy Economics Institute of Bard College, New York. Also published as Working Paper No. 2024-01-089 (January 2024). De La Salle University – Angelo King Institute for Economics and Business Studies
2023
(Click title to download)
- “Economic Transformation and Growth in the Philippines: An Analysis of Political Settlements, Rents, and Deals” (with Edgar Desher Empeño and Brendan Miranda). Working Paper No. 1030 (October 2023). Levy Economics Institute of Bard College, New York. Also published as Working Paper No. 2023-07-087 (July 2023). De La Salle University – Angelo King Institute for Economics and Business Studies
- “Is anything left of the debate about the sources of growth in East Asia thirty years later?” (with John McCombie). Working Paper No. 1029 (September 2023). Levy Economics Institute of Bard College, New York. Also published as Working Paper No. 2023-02-086 (February 2023). De La Salle University – Angelo King Institute for Economics and Business Studies
2022
(Click title to download)
- Why the Feldstein-Horioka “Puzzle” remains unsolved” (with Scott Fullwiler and Al-Habbyel Yusoph). Working Paper No. 1006 (April 2022). Levy Economics Institute of Bard College, New York. Also published as Working Paper No. 2022-06-84 (June 2022). De La Salle University – Angelo King Institute for Economics and Business Studies
2021
(Click title to download)
- “Production Function Estimation: Biased Coefficients and Endogenous Regressors, or a Case of Collective Amnesia?” (John McCombie, Aashish Mehta, and Donna Fay Bajaro). Working Paper No. 994 (October 2021). Levy Economics Institute of Bard College, New York.
- “Education and the Evolution of Comparative Advantage” (with Hongyuang Jin, and Aashish Mehta). ADB Economics Working Paper Series No. 635.
2020
(Click title to download)
- “How ‘Monetization’ Really Works—Examples from Nations’ Policy Responses to COVID-19” (with Scott Fullwiler, Gemma Estrada, Maria Hanna Jaber, Mary Ann Magadia, and Remrick Patagan). ADB Economics Working Paper Series No. 627
- “An Analysis of the Worldwide Response to the COVID-19 Pandemic: What and How Much?” (with Scott Fullwiler, Donna Faye Bajaro, Al-Habbyel Yusoph, Simon Alec Askin, and Martin Alexander Cruz). ADB Economics Working Paper Series No. 626.