IN FOCUS: Economic Policy Monitor 2015-2016

The Philippine Institute for Development Studies (PIDS) focuses its new five-year research agenda for the period 2015-2020 on risks, shocks, and building resilient systems. Ranked in the top 15 most vulnerable countries in the world, the Philippines faces a host of environmental, economic, and sociopolitical risks. Through research, PIDS intends to help build resilient systems.  Understanding risks, where they come from, and how they are connected, is essential to create the right kind of policies that will enable the country and its highly vulnerable communities acquire absorptive, adaptive, and transformative capacities.

PIDS aligns its new Economic Policy Monitor with the agenda’s theme.  Chapter 3, penned by PIDS President Gilberto Llanto, details the different kinds of risks faced by the Philippines and the policy framework for building multiple resilient systems. Currently, the narrative of building resilience is confined to disaster risk reduction and management. In truth, risks are varied and their sources are numerous. There is a gap in understanding and a gap in policy-oriented research into the deeply interconnected and evolving nature of risks. A system is necessary not only to withstand risks to growth and stability, but also to ensure that the most vulnerable are protected. The poor and the marginalized are the ones most threatened by economic instability, environmental disasters, and political crises. And because these risks are not static, but are interconnected and constantly evolving, the kind of resilient system needed must be absorptive, adaptive, and transformative. A comprehensive understanding of the risk landscapes is critical. Just as well, policy conversations have to shift from targeting the reduction of vulnerability to building resilient systems. The chapter discusses the breadth of research in resiliency at every level of Philippine society—household, community, national, political, economic, and regional levels. But further research is recommended to strengthen the policy framework. || Read more >>

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Highlights

PIDS named one of the world`s best think tanks anew

For the fourth consecutive year, the Philippine Institute for Development Studies (PIDS) has been recognized as among the world`s top think tanks.

In the 2015 Global Go To Think Tank Report and Policy Advice of the Think Tanks and Civil Societies Program (TTCSP) at the University of Pennsylvania, PIDS was included in the list of best think tanks in seven categories. More than 6,600 think tanks from 198 countries were assessed in this round.

PIDS remained the top social policy think tank in Southeast Asia and was ranked 37th among the top 100 in the world. Other think tanks from Southeast Asia that made it to this category (social policy) were Singapore`s Institute of Southeast Asian Studies (41st) and Institute for Policy Studies (53rd) and Malaysia`s Center for Public Policy Studies (66th). In 2014, PIDS also ranked 37th among 50 nominated think tanks in this category.

PIDS also maintained its rankings as among the top international development think tanks (70th out of 128) and among the top education policy think tanks (33rd out of 65).

Moreover, the Institute has been included in four new categories: best think tanks in Southeast Asia and the Pacific, best government-affiliated think tanks, and think tanks with the best external relations/public engagement program. The East Asian Development Network (EADN) Secretariat, which PIDS has been running since 2010, also made it to the list of best think tank networks. The EADN is a network of institutes and centers in developing countries of East Asia. It sponsors research and capacity-building activities for early career researchers.

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Featured Publications

DUTERTE MUST BE BOLD ON ECONOMIC POLICY

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Dr. Gilberto Llanto, president of PIDS, penned the banner article of this second issue of the Development Research News--his well-meaning advice to President-elect Rodrigo Duterte. A fundamental challenge for the incoming administration, according to Llanto, is to translate its eight-point economic agenda into rational, coherent, and well-studied economic policies. He also underscored the importance of clear policy statements, policy coherence, and careful study and sufficient empirical evidence as basis for any policy decision in order to achieve the administration's economic goals for the country. || Read more >>


DO CAPITAL INVESTMENTS IN HEALTH INCREASE LOCAL SERVICE UTILIZATION?

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The Aquino administration started the Health Facilities Enhancement Program (HFEP) in 2010 to provide large-scale capital investment for increasing the stock of hospitals and health centers in the country. Given the substantial financial resource allocated to the program, which aims to build and equip public health facilities, has HFEP increased the utilization of local health services? An impact evaluation study of HFEP was conducted to assess the net effect of the program. The study finds that hospitals and infirmaries that received HFEP investments showed a higher volume of services than those ... || Read more >>


WHAT IS THE IMPACT OF DEPED'S SCHOOL-BASED FEEDING PROGRAM?

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The School-Based Feeding Program (SBFP) of the Department of Education aims to address undernutrition among public primary pupils. This Policy Note summarizes the results of the impact evaluation (IE) study of the SBFP using a mixed methods approach for the school year 2013-2014. The study found, among others, inconsistencies in verbal descriptors between the nutrition status recorded in SBFP forms and nutrition status reports and the verified pre-feeding and post-feeding nutrition status computed from weight and height measurements. Thus, it recommends the need for standardized equipment for measurement of heights ... || Read more >>


RISKS, SHOCKS, BUILDING RESILIENCE: PHILIPPINES

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Building economic resilience takes center stage on this prepress version of the sixth issue of the PIDS Economic Policy Monitor (EPM). Due to overlapping shocks and risks of varied nature, there is a need to look beyond natural hazards and to acknowledge that the sources of risks are many and interconnected. Evidence points to the critical role of good policies in bolstering coping ability and in building resilient systems. In this line, this EPM presents a framework (Chapter 3) that underscores the significance of appropriate interventions by way of policies, programs, ... || Read more >>


THE PHILIPPINE ECONOMY IN 2015 AND PROSPECTS FOR 2016

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PIDS Senior Research Fellow Roehlano Briones provides an assessment of the Philippine economy in 2015 and outlook for the current year in this first issue of the DRN for 2016. Amid global and regional challenges, such as the economic slowdown in big Asian economies and the sharp drop in oil prices, he underscores the country's resiliency as exemplified by sustained economic growth, improved capital formation, and sound fiscal balance. The lack of inclusiveness, however, remains a major issue that cannot be solved overnight. But our macroeconomic fundamentals have remained strong despite various ... || Read more >>


GLOBAL VALUE CHAINS

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Global value chains (GVCs) play an important role in creating a more inclusive global economy. The interconnected networks of production and services are enabling paths for small and medium enterprises to expand and grow. In a world where the costs of communication and transportation have been significantly reduced by advances in technologies, policymakers must understand how they can help local firms and industries capture and benefit from increased GVC participation. GVC success stories in various Philippine industries--tobacco, services, and electronics, among others--have evidently contributed to the country's recent positive growth ... || Read more >>


ASSESSMENT OF THE DSWD SEA-K STRATEGY

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This study assesses the effectiveness of the strategy and the complementary interventions of the Sustainable Livelihood Program`s Self-Employment Assistance Kaunlaran (SLP SEA-K). The SLP SEA-K uses a microcredit strategy to provide credit access to the poor, improve the ability of the group to borrow, and enable it to engage in income-generating activities. Microcredit services are generally believed to have a positive socioeconomic impact; however, the success of projects may depend largely on the management of the program. The authors found out that the government lacks the capacity to handle ... || Read more >>


PHILIPPINE JOURNAL OF DEVELOPMENT SPECIAL VOLUME ON HEALTH

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The Aquino Health Agenda of 2010 articulates succinctly the Philippine health sector's aim for universal health coverage. The agenda has three thrusts: rapid expansion of enrollment and benefit delivery using subsidies for the poorest families, improved access to quality hospitals and health-care facilities, and attainment of health-related Millennium Development Goals through additional effort and resources targeted to the most critical areas in the country. Years after the launch of the agenda, the Department of Health collaborated with key institutions to implement the Health Systems Research Management (HSRM) Project, with the Philippine ... || Read more >>



Press Releases

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EADN HOLDS ANNUAL RESEARCH CONFERENCE

The East Asian Development Network (EADN) met early this month for the annual research conference to review the progress of the studies being conducted by the network's current research grantees. The network was commended by keynote speaker Rolando Tungpalan, deputy director-general for Investment Programming at the National Economic and Development Authority, for "its continuing efforts to promote research capacity building and policy networking in the region". The critical role played by evidence-based research in governance and public leadership, especially in the process of making public policies, is too often understated. ... || Read more >>


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UPGRADING FACILITIES CAN BOOST QUALITY AND USE OF HEALTH SERVICES -- PIDS

Building more health facilities and investing in medical equipment allow government hospitals and infirmaries to provide quality health services to more people. In a study conducted by state think tank Philippine Institute for Development Studies (PIDS) evaluating the Health Facilities Enhancement Program (HFEP) of the government, it was noted that hospitals and infirmaries that received funding from the government to upgrade their facilities showed higher volume of services than those that did not. The HFEP, which is being implemented by the Department of Health, is a major undertaking under the ... || Read more >>


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TARGETING OF BENEFICIARIES OF EMPLOYMENT FACILITATION PROGRAM UNDER 4PS MUST BE IMPROVED, STUDY SAYS

A recent impact evaluation study by state think Philippine Institute for Development Studies (PIDS) said the mechanism for choosing beneficiaries of the Sustainable Livelihood Program (SLP), a component of the Pantawid Pamilyang Pilipino Program (4Ps), must be improved to improve gains from the program. According to PIDS Vice President Marife Ballesteros and Senior Research Fellow Aniceto Orbeta, the employment facilitation program has been well-received by its target participants. It is also regarded by many participants as a critical conduit for their employment. However, they noted that aside from the limitations ... || Read more >>


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HIGH COST, POOR QUALITY OF INTERNET AIL PH ICT MARKET

Information and communication technology (ICT) services in the country remain one of the most expensive in the Asia-Pacific Region. Worse, Internet speed is not proportional to the costs. A recent study by the Philippine Institute for Development Studies (PIDS) concluded that this problem is primarily caused by the lack of comprehensive policies on ICT development, which, in turn, results in unequal distribution of digital dividends or the development effects of ICT. The study, authored by PIDS Senior Fellows Jose Ramon Albert and Ramonette Serafica, and former PIDS Research Analyst Beverly ... || Read more >>


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DEPED, PIDS, IPA PUSH FOR EVIDENCE-BASED REFORMS IN PH EDUCATION SECTOR

Despite the significant gains in primary education participation rates, learning gaps remain high among primary and secondary level students. Increased government spending in education, as well as the implementation of the K to 12 program are important education sector reforms that set the stage for improved access and better education outcomes for the Filipino youth. However, while these reforms are significant, much is still needed to be done in improving learning outcomes for primary and secondary learners in the Philippines. On May 24, 2016, the Department of Education (DepEd), Philippine Institute for Development ... || Read more >>



EVENTS CALENDAR


July 07, 2016 09:00 AM
Seminar on Innovations for Poverty Action's Randomized Controlled Trial of the International Care Ministries Ultra Poor Program

PIDS Conference Room, 18th Floor, Three Cyberpod Centris, North Tower, EDSA corner Quezon Avenue, Quezon City




Watch Dr. Gilbert Llanto’s guesting on NET 25’s Aprub Program


DATABASE UPDATES


June 2016
The countrys year-on-year headline inflation rate started in 2016 at a lower rate of 1.3 percent, from 1.5 percent in December 2015

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May 2016
The countrys year-on-year headline inflation rate remained at 1.1 percent in April.

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February 2016
The countrys year-on-year headline inflation rate started in 2016 at a lower rate of 1.3 percent, from 1.5 percent in December 2015.

Read more....