government investments | DLSU Business and Economics Review

On Implementation Delays, Marginal Costs and Price Dynamics: A Theoretical Note With Implications for the Philippines

by Daisy Mojares | Feb 8, 2019 | Volume 28 No. 2

Year: 2019 January, Volume 28 No. 2 Pages: 87–103 Abstract: It has been known that longer implementation delays in public investments result in sluggish accumulation of public capital. In models in which public capital determines firm productivity, the longer the...

Legal Setbacks, Disbursement Sudden Stops, and Fiscal Stimulus: An Empirical Characterization of a Recent Philippine Fiscal Experience

by Daisy Mojares | Feb 8, 2019 | Volume 28 No. 2

Year: 2019 January, Volume 28 No. 2 Pages: 104–121 Abstract: Recognizing the importance of expanding fiscal spending programs and improving disbursement rates, the Aquino administration implemented the Disbursement Acceleration Program (DAP) in 2011. Acting as a...