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Posted by m beduya on December 22, 2011 · Leave a Comment
DSGE is the newest type of policy analysis tool adapted by the Bangko Sentral(BSP). It complements the existing set of econometric models it uses as aids in policy making, particularly inflation targeting. Its quite-a-mouthful and technical long name is Dynamic Stochastic General Equilibrium. As with the Corden and Neary framework that BSP analysts used in [...]
Filed under Books and Journals, Changes in Institutions, Policy and Regulation from Need, Transparency and Empowerment, Innovator Peso · Tagged with Bangko Sentral, DSGE, Dynamic Stochastic General Equilibrium, emerging markets, ergodicity, inflation targeting, Innovator Peso, microfoundations, Philippines, SYNTHESiST, ucas critique
Posted by m beduya on July 10, 2011 · 1 Comment
Finance Secretary Cesar Purisima listed the “structural” reforms in the Aquino Administration’s program for economic change in a recent BusinessWorld Online article, Gov’t sets higher growth target for 2012, on June 18, 2011: The government has to pursue structural adjustments — investments in infrastructure, reforms to boost competitiveness and simplified regulations to reach the realistic [...]
Posted by m beduya on June 8, 2011 · 1 Comment
Quietly, many groups are working for better political institutions like campaign finance and program-based political parties as social innovations in the Philippines. I attended a high-powered symposium yesterday – except for the absence of representatives from the key constituency of political parties – on Increasing Transparency in Campaign Finance. Symposiums like these are done to [...]
Filed under 2010 Automated Elections, Books and Journals, Social Innovation · Tagged with Alexis de Tocqueville, automated elections, Campaign Finance, co-evolution, emerging markets, Francis Fukuyama, political parties, Samuel Huntington, Social Innovation, SYNTHESiST
Posted by m beduya on June 6, 2011 · Leave a Comment
Google Wallet represents the latest innovative convergence of technologies to improve convenience in electronic settlement. Electronic settlement is one of three necessary legs to complete the chain of e-commerce. The other two are (a) the marketplace where the buy-and-sell transaction takes place and (b) fulfillment that takes care of the delivery leg of what was [...]
Posted by m beduya on May 7, 2011 · 1 Comment
Industrial Policy has been equated with Socialism in America from the middle off the 20th century. As an epithet hurled at President Obama typically by tea party members, Socialism is taken today as a term of abuse. Industrial policy has become a cliché where mere mention is often followed by outright rejection. In today’s cluttered [...]
Filed under Discovering economic locomotives and attaining competitiveness through modern industrial policy · Tagged with Alexander Hamilton, China, competitiveness, Dani Rodrik, emerging markets, export-led industrialization, Germany, import-substitution industrialization, India, industrial policy, Japan, spillovers
Posted by m beduya on April 27, 2011 · 2 Comments
Friedrich Hayek must be twirling in his grave. Like many classical thinkers, his ideas have been selectively harvested to support ideological causes that, as an academic, he would not probably agree with today. Friedrich Hayek was the 1974 Nobel Laureate for economics specifically on his “penetrating analysis of the interdependence of economic, social and institutional [...]
Filed under Discovering economic locomotives and attaining competitiveness through modern industrial policy · Tagged with Dani Rodrik, Douglass North, emerging markets, Friedrich Hayek, Gerald Silverberg, Giovannie Dosi, IFIAS 6, industrial policy, innovation systems, Ludwig von Mises, new institutional economics, Oliver Williamson, Richard Nelson, Road to Serfdom, W Brian Arthur
Posted by m beduya on April 17, 2011 · Leave a Comment
Implementing the right factory software information systems (ICT) enables productivity for manufacturing firms. ICT is a general purpose technology that, when applied correctly, has been proven to improve productivity. ICT in manufacturing increases productivity in three ways, first by institutionalizing business processes, second by improving coordination among factory functions, and, finally, by hard-wiring empowerment for [...]
Filed under Brand and Product Development, Convergence of Technologies - Technology x Business Model · Tagged with Cantier, competitiveness, emerging markets, enterprise resource planning, ERP, general purpose technology, innovation, M-ERP, manufacturing execution systems, MES, productivity
Posted by m beduya on April 11, 2011 · 2 Comments
From reading the news everyday, our instinct is to mistrust government as innately corrupt and inept in delivering welfare. Postwar Japan proved otherwise in reviving the country while creating and then using modern industrial policy and innovation systems to facilitate its dizzying growth rate from 1950 to 1972. Our neighbors South Korea, Taiwan, Singapore and [...]
Filed under Books and Journals, Discovering economic locomotives and attaining competitiveness through modern industrial policy, National Innovation Systems · Tagged with Bengt-Ake Lundvall, Christopher Freeman, competitiveness, Dani Rodrik, emerging markets, IFIAS 6, industrial policy, innovation systems, Japan, productivity, Social Innovation
Posted by m beduya on April 4, 2011 · 3 Comments
The 2010-2016 Medium-Term Philippine Development Plan (MTPDP) was accepted “in principle” by the Cabinet-level NEDA Board chaired by President Benigno S. C. Aquino III on April 28, 2011 reported the BWOnline. (BusinessWorld, 2011) This was after a seven-month long process – three months longer than planned – from September 2, 2010. I was extremely pleased [...]
Posted by m beduya on March 24, 2011 · 9 Comments
Modern versions of industrial policy and the broader field of development economics are coming back into center stage says Nobel winner Joseph Stiglitz in an IMF blog. This renewal comes after the failure of neoclassical macroeconomics to forecast the recent financial crisis and to explain the continuing success of emerging markets like China and India [...]
Filed under Discovering economic locomotives and attaining competitiveness through modern industrial policy, National Innovation Systems, Social Innovation · Tagged with appropriate technology, China, co-evolution, competitiveness, Dani Rodrik, Douglass North, emerging markets, general purpose technologies, global supply chains, India, industrial policy, innovation systems, productivity, Richard Nelson, value-adding potential
Posted by m beduya on March 7, 2011 · 4 Comments
Bringing appropriate technology and empowering the poor is Jim Ayala’s passion. He set up HYBRID Social Solutions as a “for profit” social enterprise. It is the pioneer social distribution company in the Philippines, to empower the poor by giving access to appropriate technology. The innovative concept of social distribution builds on an insightful view of [...]
Filed under Convergence of Technologies - Technology x Business Model · Tagged with appropriate technology, change management, clean water technology, co-evolution, emerging markets, energy, HYBRID, HYBRID Social Solutions, innovation, productivity, scan-adapt-diffuse, social enterprise, Social Innovation
Posted by m beduya on February 24, 2011 · 2 Comments
In 2010, researchers using spectral analysis published a paper that claims significant statistical proof that Kondratieff Waves exist and that its period is 52-53 years. This proof supports Nikolai Kondratieff’s predictions first presented in 1925 that Joseph Schumpeter also studied in his 1939 book Business Cycles. Further, this proof raises some rhetorical questions like: [...]
Filed under Changes in Science, Technology and Engineering from Research, Development, Invention and Optimization · Tagged with business cycle, emerging markets, endogenous technological change, Germany, increasing returns, innovation systems, Japan, Joseph Schumpeter, Kondratieff waves, long wave, Spectral analysis
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