菲律宾金融供给缺口分析及其缓解路径

在泛北部湾经济区的建设过程当中,菲律宾需要进行大规模的基础设施建设、对外投资贸易及承接发达地区的产业转移。本文从菲律宾资金供给和金融服务供给的实证分析出发,结合菲律宾面临的巨大的资金和金融服务需求缺口,提出以发展区域股权投资基金、构建区域贸易结算和融资中心、发展供应链金融等方式健全菲律宾金融体系,解决金融供给不足问题。     

Unconditional quantile regressions,wage growth and inequality in the Philippines, 2001–2006: the contribution of covariates

I implement a two-stage procedure to estimate the components of real wage change in the Philippines along the wage distribution from 2001 to 2006, as well as the contribution of individual covariates to each component. The methodology is based on Re-centred Influence Functions (RIF), as suggested by Firpo et al. (2009). The advantage of this methodology is that it not only decomposes the unconditional wage change at any quantile of the wage distribution, but also allows the characterization of the contribution of any single covariate on each component. I find that real earnings of males in the Philippines declined and the decline along the earnings distribution is generally higher at higher deciles for all males and higher at lower deciles in Manila. Decomposition results are driven by the wage structure component, while the composition effect is small and generally positive with education as the main contributor. Within the wage structure effect, the main determinants are associated with changes in the rewards of experience and occupation, along with residual change (change in intercepts).     

Climate Variability in the Origin Countries as a “Push” Factor on Tourist Arrivals in the Philippines

The objective of this paper is to test the impact of climate variability in origin countries as a “push factor” on tourist arrivals, specifically in the Philippines, and to select a suitable proxy to measure climate variability. This paper uses the Southern Oscillation Index (SOI) constructed by the Australian Bureau of Meteorology. Climate variability is strongly linked to the El Niño Southern Oscillation (ENSO) and this link is used by meteorologists to forecast changes in weather globally. SOI is a widely used indicator of the ENSO and its best known extremes are the El Niño (warm phase) and La Niña (cold phase) effects. The study proves to some extent that there is a significant increase in US tourist arrivals in the Philippines when La Niña-like weather conditions prevail in the USA. More importantly, the SOI proved to be a good measure of climate variability.     

悬臂式掘进机在复杂环境与地质条件 供水隧洞中的应用与发展

本文介绍了悬臂式掘进机在菲律宾大马尼拉供水隧洞施工中的应用，包括为保证隧洞施工的安全、质量、进度，针对不同的地质条件、施工环境下采取的一系列施工措施；特别是针对施工中存在的不足提出的解决办法和改进思路，旨在供扩大此类掘进机的使用范围及同类工程施工参考。     

The impact of external constraints on labour rights: the case of the Philippines

Today, conventional wisdom suggests that integration into the global economy provides the best opportunity for economic growth and that such growth will, inevitably, benefit all sectors in society. However, if one looks beyond the economic indicators, the project of integrating into the global economy, particularly through export-oriented industrialization, carries high social costs in terms of violations of labour rights. This article argues that external constraints in the global economy prevent national governments from pursuing both integration through export-oriented industrialization and satisfactorily protecting workers. By focusing on the case of the Philippines, this study demonstrates how external constraints lead to specific violations of labour rights. The evidence suggests that practices such as labour-only contracting and 'no union, no strike' policies are best explained in terms of external constraints emanating from the global economy.     

Looking beyond HRM practices in enhancing employee retention in BPOs: focus on employee–organisation value fit

This paper argues that the effectiveness of HRM practices in tackling employee retention can be enhanced by improving the compatibility between employee and organisational values. We test our hypothesis using structural equation modelling on a sample of 258 employees in business process outsourcing (BPO) firms in the Philippines. The results show that the fit between employee and organisation values positively and partially mediates the effects of HRM practices on employee retention. However, employee–organisation value clash in US-owned BPOs was found to have a negative effect on employee retention. Because employees are less likely to leave when they share similar values as their organisations, HRM practices can be used strategically to improve the employee–organisation value fit to improve retention. The implications of the findings for HR managers of BPOs in developing countries are fully discussed.     

Can German vocational training combat skill shortages in developing countries? Evidence from dual training system in the Philippines

This paper examines the labor market impacts of the Philippine Dual Training System (DTS), a vocational training program that combines firm-based on-the-job training (OJT) and conventional institution-based training, using a recent survey that tracked graduates from DTS and regular institution-based programs. The estimation results using fuzzy regression discontinuity design show a significantly positive impact on the most recent monthly earnings. The impact significantly increases with the OJT intensity, measured by the number of hours a week in OJT. The above results imply that vocational training has to be aligned with actual production technologies and work practices to narrow skill gaps and create positive returns.     

Understanding Filipino Rice Farmer Preference Heterogeneity for Varietal Trait Improvements: A Latent Class Analysis

Using an experimental methodology based on investment games, we examine whether smallholder rice farmers from Nueva Ecija, Philippines have heterogeneous preferences for improvements in 10 rice varietal traits. We use a latent class cluster approach to identify different segments of rice producing households and their distinct preferences for trait improvements. These clusters were characterised post hoc using household, farm, and marketing characteristics. On average, farmers invested the most in rice varietal trait improvements that offered opportunities to reduce losses caused by lodging, insects and diseases. We found four classes of farmers with distinct preferences for improvements in variety traits. The clusters were significantly different in terms of household and farm characteristics. These findings can guide breeding research in the development of varieties that have the traits farmers identified for improvement, and that will address the unique needs of distinct farmer segments.