This report analyzes the impact of the external 'sector and
of Some economic policies on the Philippine economy ba'sed on the
reSultS of the simulations Suggested for this year's Model
Comparisons WOrkShop, The Simulation's were done uSing the latest
verSion of the PIDS-NEDA Annual Macroeconometric Model for the
Philippines.
ThiS report alSo deScribe's how the simulation's were carried
out and what adjustments and aSSumptionS were made. To allow a
better appreciation and understanding of the re'sult's, a brief description of the model structure iS presented with particular
emphaSiS on the external 'sector and itS linkages with the real
and financial SectorS.
The baseline Solution and the simulations were done for the
period 1980-1986. No constant adjustments were incorporated and
So the estimated values are not the Same aS the actual values,
although they are reasonably close to each other
