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Title: |
Foreign Borrowing as Dutch Disease: A
Quantitative Analysis for the Philippines |
| Author: |
Bautista, Romeo
M. |
| Author
Affiliation: |
IFPRI |
| Source: |
International Economic Journal, Autumn 1988, v. 2, no. 3, pp. 35-49 |
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Publication Date: |
Autumn 1988 |
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Abstract: |
This paper investigates the economy-wide
effects of increased foreign borrowing in the empirical context of the
Philippines, using a multisectoral, general equilibrium model. The focus
of the analysis is on the comparative static repercussions of the
domestic spending of externally borrowed funds and on the resource
allocation effects of the appreciation of the Philippine peso induced by
the expanded supply of foreign exchange. The results of model simulation
indicate, among other findings, a relatively small impact on national
income, with rural income increasing by much less than urban income. |
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