51st Annual Meeting

techsupport@ibuild.ph — Mon, 27 May 2013 07:44:00 +0000

51st Annual Meeting

techsupport@ib… Mon, 05/27/2013 - 15:44

Theme: “Markets and Institutions for Sustained Inclusive Growth”

The conference sought to revisit the role of efficient markets and a strong institutional framework in realizing the country’s twin goals of inclusiveness and sustainability.

USec. Gil Beltran of the Department of Finance delivered the conference keynote address on behalf of Sec. Cesar Purisima.

The opening plenary session featured National Competitiveness Council Private Sector Co-Chair, Guillermo Luz as well as Bank of the Philippine Islands President, Cesar Consing. They shared the views of the private sector on the sustainability and inclusivity of growth.

The second plenary session on the global, regional and national views on Philippine and Asian growth prospects featured Josh Felman, Assistant Director of Research at the International Monetary Fund in Washington D.C.; Eli Remolona, Chief Economist for Asia and the Pacific of the Bank for International Settlements, Hong Kong; and Rogier van den Brink, Lead Economist of the World Bank East Asia and Pacific.

Schedule

9:00	OPENING CEREMONY AND KEYNOTE ADDRESS Master of Ceremony TERESO S. TULLAO JR. De La Salle University President’s Welcome and Opening Remarks ALVIN P. ANG University of Santo Tomas Introduction of the Keynote Speaker MA. TERESA S. HABITAN Department of Finance Keynote Address CESAR V. PURISIMA Secretary, Department of Finance
9:20	Plenary 1: Private Sector Views on Sustainability and Inclusivity of Growth GUILLERMO M. LUZ Chair, National Competitiveness Council CESAR P. CONSING President, Bank of the Philippine Islands
10:10	Coffee Break (Poster presentations)
10:30	Plenary 2: The Global, Regional and National Views of International Financial Agencies JOSHUA FELMAN Assistant Director, Research Department International Monetary Fund ELI M. REMOLONA Chief Representative for Asia and the Pacific Bank of International Settlements ROGIER VAN DEN BRINK Lead Economist, Poverty Reduction and Management Dept. of East Asia
11:45	PES Election
12:00	Luncheon Plenary Introduction of the Speaker STELLA A. QUIMBO UP School of Economics Plenary Speaker A Historic Moment to Transform the National Budget Process FLORENCIO V. ABAD Secretary Department of Budget and Management

Parallel Session 1 1:00 – 2:30
Panel 1A Natural Resources and Environment: Climate Change, Water, and Waste (PCED Session) Session Chair: Majah Ravago Venue: Dasmariñas Room	Inter-Generational Games with Dynamic Externalities and Climate Change Experiments Katerina Sherstyuk, Nori Tarui, Majah-Leah V. Ravago and Tatsuyoshi Saijo Economic Regulation of Water Supply in the Philippines Adoracion Navarro Who Should Shoulder the Cost on Solid Waste Management? Levi Guillermo Lima Geganzo
Panel 1B Poverty and Development (PCED Session) Session Chair: Toby Monsod Venue: Legaspi Room	Geography and Development Toby Monsod Shocks to Philippine Households: Incidence, Idiosyncrasy and Impact Joseph J. Capuno, Aleli D. Kraft, Stella A. Quimbo and Carlos Antonio R. Tan, Jr. The Impact of the Philippines’ Conditional Cash Transfer Program on Consumption Melba Tutor
Panel 1C Financial Markets Session Chair: Victor Abola Venue: Grand Ballroom	Measuring Asymmetric Volatility and Stock Returns in the Philippine Stock Market Francesca Tomaliwan, Daniel Hofileña A Renewed Econometric Analysis on the Efficient Markets Hypothesis of the Philippine Stock Market Cyrus Paolo Macapili Buenafe The Multifractality in the Philippine Stock Market and its Implication to Market Efficiency Harvey M. Niere
Panel 1D Economic sectors 1: Agriculture, Industry, and Services Session Chair: Ramon Clarete Venue: North Forbes Room	The Philippine Manufacturing Industry Roadmap: Agenda for New Industrial Policy, High Productivity Jobs and Inclusive Growth Josef Yap Market Competition in the Downstream Oil Industry: Is there Evidence of Price Asymmetry? Ma. Joy Abrenica, Nimfa Mendoza and Rolando Danao Analyzing and Forecasting Movements of the Philippine Economy using the Dynamic Factor Models (DFM) Dennis Mapa and Ma. Christina Simbulan Re-Examination of the Contribution of Net-Exports to GDP Growth (1961-2000) Kristine Joy Cruz Martin
Panel 1E The Philippines and the Global Economy Session Chair: Peter U Venue: Bel-Air Room	Managing Economic Shocks and Macroeconomic Coordination in an Integrated Region: ASEAN Beyond 2015 Ruperto Majuca The Economic Potential via the Gravity Model of Trade Nikkin Beronilla, Jude H. Esguerra , and J. Ocampo Trade Liberalization and Trade Performance in Asia: 1974-2008 Marissa Maricosa Paderon
Panel 1F Institutions and Governance Session Chair: Victor S. Venida Reactors: Edsel Beja and Temario Rivera Venue: San Lorenzo Room	The Effect of Emigration on the Quality of Governance at Home: Evidence from Local Institutions in Moldova Toman Omar Mahmoud, Hillel Rapoport, Carl von Schweinitz and Andreas Steinmayr What Prevents the Philippines from Undertaking Tax Reform? State Capture, Middle Class Opt-Out and Disempowerment of the Poor– A Story in the Un-raveling of the State Rosa Maria Alonso Terme Will Access to Information on Political Dynasties Alter Voting Behavior? Evidence from a Youth Voting Experiment Tristan Canare, Ronald Mendoza and Gladys Navarro

Parallel Session 1

1:00 – 2:30

Panel 1A

Natural Resources and Environment: Climate Change, Water, and Waste (PCED Session)
Session Chair: Majah Ravago
Venue: Dasmariñas Room

Inter-Generational Games with Dynamic Externalities and Climate Change Experiments
Katerina Sherstyuk, Nori Tarui, Majah-Leah V. Ravago and Tatsuyoshi Saijo

Economic Regulation of Water Supply in the Philippines

Adoracion Navarro

Who Should Shoulder the Cost on Solid Waste Management?

Levi Guillermo Lima Geganzo

Panel 1B

Poverty and Development (PCED Session)
Session Chair: Toby Monsod
Venue: Legaspi Room

Geography and Development
Toby Monsod

Shocks to Philippine Households: Incidence, Idiosyncrasy and Impact
Joseph J. Capuno, Aleli D. Kraft, Stella A. Quimbo and Carlos Antonio R. Tan, Jr.

The Impact of the Philippines’ Conditional Cash Transfer Program on Consumption

Melba Tutor

Panel 1C

Financial Markets
Session Chair: Victor Abola
Venue: Grand Ballroom

Measuring Asymmetric Volatility and Stock Returns in the Philippine Stock Market
Francesca Tomaliwan, Daniel Hofileña

A Renewed Econometric Analysis on the Efficient Markets Hypothesis of the Philippine Stock Market
Cyrus Paolo Macapili Buenafe

The Multifractality in the Philippine Stock Market and its Implication to Market Efficiency

Harvey M. Niere

Panel 1D

Economic sectors 1: Agriculture, Industry, and Services
Session Chair: Ramon Clarete
Venue: North Forbes Room

The Philippine Manufacturing Industry Roadmap: Agenda for New Industrial Policy, High Productivity Jobs and Inclusive Growth
Josef Yap

Market Competition in the Downstream Oil Industry: Is there Evidence of Price Asymmetry?
Ma. Joy Abrenica, Nimfa Mendoza and Rolando Danao

Analyzing and Forecasting Movements of the Philippine Economy using the Dynamic Factor Models (DFM)

Dennis Mapa and Ma. Christina Simbulan

Re-Examination of the Contribution of Net-Exports to GDP Growth (1961-2000)
Kristine Joy Cruz Martin

Panel 1E

The Philippines and the Global Economy
Session Chair: Peter U
Venue: Bel-Air Room

Managing Economic Shocks and Macroeconomic Coordination in an Integrated Region: ASEAN Beyond 2015
Ruperto Majuca

The Economic Potential via the Gravity Model of Trade
Nikkin Beronilla, Jude H. Esguerra , and J. Ocampo

Trade Liberalization and Trade Performance in Asia: 1974-2008
Marissa Maricosa Paderon

Panel 1F

Institutions and Governance
Session Chair: Victor S. Venida
Reactors: Edsel Beja and Temario Rivera
Venue: San Lorenzo Room

The Effect of Emigration on the Quality of Governance at Home: Evidence from Local Institutions in Moldova
Toman Omar Mahmoud, Hillel Rapoport, Carl von Schweinitz and Andreas Steinmayr

What Prevents the Philippines from Undertaking Tax Reform? State Capture, Middle Class Opt-Out and Disempowerment of the Poor– A Story in the Un-raveling of the State
Rosa Maria Alonso Terme

Will Access to Information on Political Dynasties Alter Voting Behavior? Evidence from a Youth Voting Experiment
Tristan Canare, Ronald Mendoza and Gladys Navarro

Parallel Session 2 3:00 – 4:30
Panel 2A Economic Sectors:Agriculture, Industry, and Services Session Chair: Ruben Nayve Venue: Dasmariñas Room	Call Me Maybe: The Impact of Telecommunications on Economic Growth in the Asean Region Mc Reynald S. Banderlipe II Korean Inbound Tourism to the Philippines: A Macroeconometric Evaluation Cesar C. Rufino An Inoperability Input Output Approach in Evaluating the Impact of the Mindanao Power Crisis Francesca Dianne B. Solis, Krista Danielle S. Yu, Raymond R. Tan An Inquiry into Nexus between Demand for Aviation and Economic Growth in Philippines Bilal Mehmood Assessment of Prospective Impact of Fruits and Vegetables Research at the Industry Level in the Philippines: The Case of the ACIAR-PCAARRD Horticulture Project Roehlano Briones and Ivory Myka Galang
Panel 2B Methods and Metrics Session Chair: Edsel Beja Venue: Legaspi Room	The Easterlin Paradox: Empirics on the Income Happiness Relationship sans Hedonic Adaptation Edsel Beja A Global Macroeconomic Forecasting Model for the Philippines Ruperto Majuca Aggregate Labor Productivity as the Driver of Real Per Capita GDP: A New Look at Philippine Economic Growth, 2002-2011 Jesus C. Dumagan Aspirations of Filipino Women Entrepreneurs in the Informal Economy Marites Tiongco
Panel 2C CHED Proposed Standards for Economics Programs Session Chair: Jose Camacho Venue: Grand Ballroom	Outcomes-based Education for Economics Lawrence Dacuycuy Proposed Policies, Standards and Guidelines (PSG) for Economics Education Fernando Aldaba
Panel 2D Student Papers Session Chair: Mary Anelle Lopez Venue: North Forbes Room	Nature versus Nurture of Trust Deanne Lorraine C. Dumo, Mary Kristine Rabe The Labor Participation – Fertility Trade-off: Exploring Fecundity and its Consequences to Women’s Employment in the Philippines Ariane Gabrielle Lim, Daphne Ashley Sze, Kenneth Santos Factors Affecting Farmer’s Participation in the Philippine Crop Insurance Corporation Rice Insurance Program and the Effects of the Insurance program in Reducing Income Armand Christopher Rola The Diamond Years?: A Study on the Healthcare Expenditure Patterns of Elderly Household Heads in the Philippines Nicholas Andrew U. Price, Nico Angelo M. Rabang
Panel 2E Health Equity and Financial Protection in Asia (HEFPA Session) Session Chair: Aleli D. Kraft Venue: Bel-Air Room	Coping and Consumption Adjustments for Similar Shocks Over Time Aleli D. Kraft, Joseph J. Capuno, Stella A. Quimbo, Carlos Antonio R. Tan, Jr. Squeezing the Middle: A Randomized Experiment to Promote Voluntary Enrollment in a Social Health Insurance Program Joseph J. Capuno, Aleli D. Kraft, Stella Quimbo, Carlos R. Tan, Jr. and Adam Wagstaff Will Insurance Subsidies and Information Improve Willingness-to-Pay for Health Insurance? Evidence from the Philippines Stella A. Quimbo, Aleli D. Kraft, Joseph J. Capuno, Carlos Antonio R. Tan, Jr. and Adam Wagstaf
Panel 2F Human Capital Session Chair: Melly Paraiso Venue: San Lorenzo Room	K to 12: Human Capital for Whom? Bernardita R. Churchill Returns to Education in the Philippines: A Quantile Regression Perspective Jan Carlo Punongbayan

Parallel Session 2

3:00 – 4:30

Panel 2A

Economic Sectors:Agriculture, Industry, and Services
Session Chair: Ruben Nayve
Venue: Dasmariñas Room

Call Me Maybe: The Impact of Telecommunications on Economic Growth in the Asean Region
Mc Reynald S. Banderlipe II

Korean Inbound Tourism to the Philippines: A Macroeconometric Evaluation
Cesar C. Rufino

An Inoperability Input Output Approach in Evaluating the Impact of the Mindanao Power Crisis
Francesca Dianne B. Solis, Krista Danielle S. Yu, Raymond R. Tan

An Inquiry into Nexus between Demand for Aviation and Economic Growth in Philippines
Bilal Mehmood

Assessment of Prospective Impact of Fruits and Vegetables Research at the Industry Level in the Philippines: The Case of the ACIAR-PCAARRD Horticulture Project
Roehlano Briones and Ivory Myka Galang

Panel 2B

Methods and Metrics
Session Chair: Edsel Beja
Venue: Legaspi Room

The Easterlin Paradox: Empirics on the Income Happiness Relationship sans Hedonic Adaptation
Edsel Beja

A Global Macroeconomic Forecasting Model for the Philippines
Ruperto Majuca

Aggregate Labor Productivity as the Driver of Real Per Capita GDP: A New Look at Philippine Economic Growth, 2002-2011
Jesus C. Dumagan

Aspirations of Filipino Women Entrepreneurs in the Informal Economy
Marites Tiongco

Panel 2C

CHED Proposed Standards for Economics Programs
Session Chair: Jose Camacho
Venue: Grand Ballroom

Outcomes-based Education for Economics
Lawrence Dacuycuy

Proposed Policies, Standards and Guidelines (PSG) for Economics Education
Fernando Aldaba

Panel 2D

Student Papers
Session Chair: Mary Anelle Lopez
Venue: North Forbes Room

Nature versus Nurture of Trust
Deanne Lorraine C. Dumo, Mary Kristine Rabe

The Labor Participation – Fertility Trade-off: Exploring Fecundity and its Consequences to Women’s Employment in the Philippines
Ariane Gabrielle Lim, Daphne Ashley Sze, Kenneth Santos

Factors Affecting Farmer’s Participation in the Philippine Crop Insurance Corporation Rice Insurance Program and the Effects of the Insurance program in Reducing Income
Armand Christopher Rola

The Diamond Years?: A Study on the Healthcare Expenditure Patterns of Elderly Household Heads in the Philippines
Nicholas Andrew U. Price, Nico Angelo M. Rabang

Panel 2E

Health Equity and Financial Protection in Asia (HEFPA Session)
Session Chair: Aleli D. Kraft
Venue: Bel-Air Room

Coping and Consumption Adjustments for Similar Shocks Over Time
Aleli D. Kraft, Joseph J. Capuno, Stella A. Quimbo, Carlos Antonio R. Tan, Jr.

Squeezing the Middle: A Randomized Experiment to Promote Voluntary Enrollment in a Social Health Insurance Program
Joseph J. Capuno, Aleli D. Kraft, Stella Quimbo, Carlos R. Tan, Jr. and Adam Wagstaff

Will Insurance Subsidies and Information Improve Willingness-to-Pay for Health Insurance? Evidence from the Philippines
Stella A. Quimbo, Aleli D. Kraft, Joseph J. Capuno, Carlos Antonio R. Tan, Jr. and Adam Wagstaf

Panel 2F

Human Capital
Session Chair: Melly Paraiso
Venue: San Lorenzo Room

K to 12: Human Capital for Whom?
Bernardita R. Churchill

Returns to Education in the Philippines: A Quantile Regression Perspective
Jan Carlo Punongbayan

Cesar Consing, President-BPI Plenary Speaker I

Usec Gil Beltran Keynote Speech

51st Annual Meeting

51st Annual Meeting

Schedule

OPENING CEREMONY AND KEYNOTE ADDRESS

TERESO S. TULLAO JR.

ALVIN P. ANG

MA. TERESA S. HABITAN

CESAR V. PURISIMA

Plenary 1: Private Sector Views on Sustainability and Inclusivity of Growth

GUILLERMO M. LUZ

Plenary 2:

The Global, Regional and National Views of International Financial Agencies

JOSHUA FELMAN

Assistant Director, Research Department International Monetary Fund

ELI M. REMOLONA

ROGIER VAN DEN BRINK

PES Election

Luncheon Plenary

STELLA A. QUIMBO

Plenary Speaker

FLORENCIO V. ABAD

Parallel Session 1

1:00 – 2:30

Parallel Session 2

3:00 – 4:30

Assistant Director, Research Department
International Monetary Fund