posted on 2024-09-06, 07:29authored byRichard Hooley
While the relationship between productivity advance and economic
growth has long been recognized by both economic researchers and practitioners,
at no time has the significance of such link been considered more
crucially than today when greater productivity is taken to be a key element
in the Philippines' current economic recovery program.
Taken in such light, the study presented in this monograph assumes
greater relevance and importance. The study was prepared by Richard
Hooley, Professor at the University of Pittsburgh and a Visiting Research
Fellow at the Philippine Institute for Development Studies (PiDS) in 1984.
It traces productivity change over the period 1956-1980 in the Philippine
manufacturing sector as a whole and in two dozen individual industries
at the three-digit level, analyzes the causal factors behind this change,
and looks into the processof diffusion of productivity gains.
The findings of the study cannot be taken lightly. It indicates that
productivity in Philippine manufacturing has been declining since the late
fifties and that, accordingly, productivity gains in agriculture have been
offset by productivity declines in the manufacturing sector in the last
twenty five years or so. This should lead policymakers to take a second
look at the industrial policy environment and institute early actions which
can reverse the trend. Some leads into what these actions could be are
provided by Hooley in this study.
History
Publisher
Philippine Institute for Development Studies
Citation
Hooley, R. (1985) Productivity growth in Philippine manufacturing : retrospect and future prospects. Monograph series: 9. Manila: PIDS.