Loading...
AdminLTE Logo
  • PSRTI | Completed Research Studies
AdminLTE Logo PSRTI



Assessing the Impact of the Asian Financial Crisis and El Niño on Poverty in the Philippines

Year: 2000
Author: Jose Ramon G. Albert, Ph.D.

Abstract:

The 1997 Asian Financial Crisis took a toll in the economy and living conditions of several countries in the region. This crisis, coupled with the El Niño phenomenon in 1998, adversely affected the Philippines in particular and shifted many Filipino households into poverty. While researchers argued that the concurring events had minimal impact to the Philippine economy in general, there is still an observable impact in the country’s poverty indicators and even in the living situation of many Filipinos. To assess the impact of the Asian Financial Crisis and El Niño phenomenon in the Philippine economy and poverty indicators, the study evaluated quarterly seasonally adjusted macroeconomic variables collected from national income accounts, labor measures, and monetary indicators. Macroeconomic indicators included relevant country measures such as Gross Domestic Product and Foreign Exchange Rates. On the other hand, poverty measures were evaluated using panel data from the 1997 Family Income and Expenditure Survey (FIES), October 1997 to July 1998 Quarterly Labor Force Survey (LFS), and the 1998 Annual Poverty Indicators Survey (APIS). Classification and regression trees were aptly utilized to gauge the impact of the financial crisis and El Niño phenomenon to the country’s poverty indicators. Through intensive analysis of each of the indicators before and after the occurrence of the Asian Financial Crisis and El Niño phenomenon, the study concluded that these events had negligible impact to the country’s macroeconomic indicators. However, disaggregating the analysis by sector reveals otherwise. Some sectors experienced more damaging effects of the two phenomena.

Keywords:

File request
First name
Middle name
Last name
Email
Agency
DATA PRIVACY CONSENT/AGREEMENT

The Privacy Notice of the Philippine Statistical Research and Training Institute:

Personal Information and Purpose:

We shall be getting the following personal information from you when you electronically submit to us your registration form, inquiries, complaints, suggestions and other requests:

In the conduct of our research and training activities, you will be asked for pertinent personal information such as your name, age, gender, contact information, and other details. The personal information we collect will be used solely for documentation and processing purposes within the PSRTI and will NOT be shared with any outside parties. The data will also be used to provide clients and stakeholders updates and advisories of our statistical researches and training-related activities.

Protection of Clients Data/Information:

We give assurance that all personal information will be stored, secured and kept in strictest confidence by PSRTI where only authorized personnel can have access to online personal information. Collected/gathered information will not be shared to any unauthorized PSRTI staff or those from outside parties.

You hereby grant permission to PSRTI to:
  • collect, store and manage the data collected from you.
  • randomly capture photo/s for the purpose of research/training documentation to be used in marketing collaterals, ads, website and other marketing mediums of PSRTI.
  • use your e-mail to receive e-flyers and other brochures for marketing purposes.
Version 1.0.0
Copyright © 2020 psrti.gov.ph. All rights reserved.