Waiting for the 2010 Nobel Prize Winners 246.0
Th 2010 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was updated on October 11, 2010: Peter Diamond (MIT), Dale Mortensen (Northwestern University), Christopher Pissarides (LSE) shared the prize for research that improved the understanding of search frictions in markets. Their work allowed a more realistic case than classic perfect competition in [...]
High Productivity Allows Growth and Equity at the Same Time 243.0
Paul Krugman, the 2008 winner of the Nobel Memorial Prize for Economics, says that in economies where trade is a small component of GDP as in the Philippines, the main determinant of competitiveness is domestic productivity. And, in my view, addressing development policy via domestic productivity at the industry or firm level, and not with [...]
We Need Change to Compete 112.0
The World Economic Form (WEF) 2009 Global Competitiveness Report shows how badly the Philippines is performing absolutely and relative to its neighbors. The Philippines dropped 16 places to #87 out of 133 countries from #71 in 2008. I have always read the Report with reservations based on Paul Krugman’s comment that competitiveness does not apply [...]
Factor Mobilization and TFP In Hongkong and Singapore – 1 of 2
Hongkong and Singapore are latecomer nations, in fact city-states, who were similar in many ways but took different paths toward their present developed status. As cities, they are a special case of industry clusters; as nations, these cities can be special cases to study from for the Philippines. For this paper A tale of two [...]
Krugman Explains ASEAN Innovation and Total Factor Productivity 11.0
Professor Paul Krugman won the 2008 Nobel Prize for research in trade and geography. He gets this post because of his paper “The Myth of Asia’s Miracle” in Foreign Affairs, 1994. The paper had different findings than the World Bank on the tiger economies of Asia. Krugman said that the miracle was nothing more than [...]
