Papers by Benette Louie E Rivera
The Philippines have been well known as an agricultural country. However, the Philippines was rec... more The Philippines have been well known as an agricultural country. However, the Philippines was recently stated by IRRI as the world’s largest importer of rice. How can such agricultural country lack the supply to sustain its own agricultural needs? In this paper, the researcher would like to find out if industrialization has an effect on the agricultural production of a developing country using Guadagno’s (2012) constant determinants of industrialization. Results show that industrialization actually improves the agricultural production of a developing country.
Drafts by Benette Louie E Rivera
This Paper examines the impact of demand and supply shocks on oil prices to consumer prices, inte... more This Paper examines the impact of demand and supply shocks on oil prices to consumer prices, interest rates, economic growth (GDP), exchange rates, and money supply of an emerging economy. In this paper, we consider the case of the Philippines, an oil-importing emerging Asian Economy. Given few literature on the effect of oil price shocks to emerging economies, we adopt Kilian (2009), Roach (2014), and Taghizadeh-Hesary & Yoshino's (2015) framework. We incorporate monetary variables to account for its significance to general pricing and economic growth movement (Taghizadeh-Hesary & Yoshino, 2015). Providing a quarterly data from 1981 to 2015, we use Structural Vector Auto-Regressive (SVAR) approach and estimate the Impulse-Response Functions (IRFs) in order to assess the impact of oil prices to macroeconomic variables.
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Papers by Benette Louie E Rivera
Drafts by Benette Louie E Rivera