An application of bacha's three-gap model the case of the Philippines
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 woul...
| Published in: | The Philippine Review of Business and Economics Vol. XXVII, No. 1 (June 1990), p. 63-84. |
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| Main Author: | |
| Format: | Analytics |
| Language: | English |
| Published: |
1990.
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| Subjects: |