00000caa a22000003i 4500 UP-1685594773862388329 Buklod 20210309215105.0 m | | ta 210309s1990 xx r |||| u|eng d (iLib)UPBAG-00039458331 BAG rda eng ARTICLE-2540 Lim, Joseph Y. author. An application of bacha's three-gap model the case of the Philippines by Joseph Y. Lim. 1990. pages 63-84 illustrations 25 cm text rdacontent unmediated rdamedia volume rdacarrier Includes bibliographical references (page 84). This paper uses a three-gap analysis to discuss obstacles to economic growth of a highly indebted country like the Philippines and how these affect inflation. The analysis shows the rather evident fact that as the foreign exchange constraint continues unabated, the only hope for economic growth would be structural improvements that would increase substantially the country's export earnings, reduce the country's dependence on imported inputs and imported capital goods, and reduce the grave fiscal drain on debt service. Overall, this implies that an increase in productivity and competitiveness of the economy should be achieved without the massive foreign inflows that occurred in the last decades. Economic development Philippines. Public debts. The Philippine Review of Business and Economics Vol. XXVII, No. 1 (June 1990), p. 63-84. (viewed 09 March 2021) FI UPBAG UPBAG-MAIN ARTICLE-2540 Analytics