Rising Growth, Declining Investment : The Puzzle of The Philippines Breaking The "Low-Capital-Stock" Equilibrium / Magnoli Bocchi, Alessandro

The economy of the Philippines is open to trade and capital inflows, and has grown rapidly since 2002. Over the last 10 years, however, domestic investment, while stagnant in real terms, has shrunk as a share of GDP. In an open and growing economy, why the decline? Three reasons explain the puzzle....

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Bibliographic Details
Main Authors:Magnoli Bocchi, Alessandro
Format: Online-Resource
Language:English
Published:Washington, D.C : The World Bank, 2008
Subjects:
GDP
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