American economic policy in the Philippines, 1902–1940: Exploring a dark age in colonial statistics

Hooley, Richard

doi:10.1016/j.asieco.2005.04.007

Cited by 19 publications

(6 citation statements)

References 4 publications

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“…The Philippines were chosen as a case study, because a lot of relevant parameters changed rapidly throughout the past century: Firstly, rapid population growth throughout the last century turned the country from a sparsely (8.2 million, or 28 cap/km 2 in 1910) into a densely populated nation (81 million, or 273 cap/km 2 in 2003). Secondly, high rates of deforestation during much of the century decreased for- Kastner (2007) for detailed sources and discussion; GDP: Hooley (2005) and The Conference Board and Groningen Growth Development Centre (2007). Yields and cropping intensities: refer to data section below.…”

Section: Introductionmentioning

confidence: 99%

Changes in land requirements for food in the Philippines: A historical analysis

Kastner

Nonhebel

2010

Land Use Policy

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Section: Introductionmentioning

confidence: 99%

Changes in land requirements for food in the Philippines: A historical analysis

Kastner

Nonhebel

2010

Land Use Policy

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“…Philippines: 1910–40: Hooley, ‘American economic policy’, with 1985 prices converted to current prices by dividing GDP with value added in agriculture in current prices from Etō, ‘Philippine daiichiji sangyō GDP’, p. 76, with Hooley's % share of agriculture in GDP; 1948–69: National Economic Development Authority, ‘National Income accounts’.…”

Section: IIImentioning

confidence: 99%

“…Fukao, Bassino, Makino, Paprzycki, Settsu, Takashima, and Tokui, Regional inequality ; Hooley, ‘American economic policy’; van der Eng, ‘Perpetual Dutch disease’.…”

mentioning

confidence: 99%

Asia's ‘little divergence’ in the twentieth century: evidence from PPP‐based direct estimates of GDP per capita, 1913–69

Bassino

Eng

2019

The Economic History Review

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This article uses expenditure-based purchasing power parities (PPPs) to estimate GDP per capita in comparable prices for 12 Asian countries for six benchmark years during the period 1913-69. The article finds that in 1913 levels of real GDP per capita in several countries were comparable to those in Japan. GDP per capita in Japan and other Asian countries diverged during and after the First World War. The article questions whether Asia's 'little divergence' between Japan and other Asian countries dates back to the late eighteenth century. It draws attention to the different resource endowments of Japan, China, and India compared to other Asian countries, and their implications for the development trajectories of Asian countries. The article demonstrates that using historical PPP estimates yields estimates of GDP per capita that diverge from those based on retropolations of the single 1990 PPPconverted benchmark year. It concludes that historical estimates of PPPs are needed to confirm analyses of comparative economic performance based on available GDP per capita data.

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“…For example, debt services as a percentage of gross national expenditure between 1926 and 1930 were only 1.70 per cent for Korea and 1.23 per cent for Taiwan (Kimura ). In the Philippines, funds obtained from bond sales, which were subject to a ceiling of 10 per cent of annual fiscal revenues, peaked in the 1920s, and the outstanding bonds were redeemed in the 1930s (Hooley ). To maintain parity between the Straits dollar and pound sterling, both the Straits Settlements and the Federated Malay States held large balances in England.…”

Section: Policy Responses To the Great Depression In Asiamentioning

confidence: 99%

Exchange Rates and Economic Recovery in the 1930s: An Extension to Asia

Ting

2017

Aust Econ Hist Rev

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Scholars have found a positive relationship between the magnitude of currency depreciation and the extent of recovery from the Great Depression for Europe and Latin America. The relationship between currency depreciation and economic activity during the Great Depression for Asian economies has not yet been explored. This paper examines this topic using data from 13 Asian economies: China, India, Indonesia, Iran, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand, Turkey, and Vietnam. We find that Asian economies responded in a similar way to currency depreciation during the Great Depression as did European and Latin American countries.

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American economic policy in the Philippines, 1902–1940: Exploring a dark age in colonial statistics

Cited by 19 publications

References 4 publications

Changes in land requirements for food in the Philippines: A historical analysis

Changes in land requirements for food in the Philippines: A historical analysis

Asia's ‘little divergence’ in the twentieth century: evidence from PPP‐based direct estimates of GDP per capita, 1913–69

Exchange Rates and Economic Recovery in the 1930s: An Extension to Asia

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