Title BALDOS, Uris Lantz C. 2005.pdf ✅

ANALYSIS OF PHILIPINE TERMS OF TRADE MOVEMENT: 1996-2003 URIS LANTZ CALDO BALDOS SUBMITTED TO THE FACULTY OF THE DEPARTMENT OF ECONOMICS COLLEGE OF ECONOMICS AND MANAGEMENT UNIVERSITY OF THE PHILIPPINES AT LOS BAÑOS IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE DEGREE OF BACHELOR OF SCIENCE IN ECONOMICS APRIL 2005
BIOGRAPHICAL SKETCH Uris Lantz Caldo Baldos was born on March 29, 1984 at the Los Baños Doctors’ Hospital, Los Baños, Laguna. He was the fourth child of Mrs. Sergia and Mr. Danilo Baldos. At an early age of 5, he attended nursery at Christian School International. During his elementary years in Maquling School Incorporated, he participated in various plays wherein he discovered his skills in acting and stage play. Being a youngster, he was always energetic, playful but sometimes his escapades almost border the line of being troublesome. Inheriting the inquisitive mind of his father and mother, he completed his primary education with honors. Moreover, his competitive academic training during elementary years enabled him to pursue his secondary education in University of the Philippines Rural High School. During his high school years, his love for money was nurtured as he was always elected as the treasurer of his class. He also joined the Speech and Dramatics Club (SDC) and was elected as Assistant Treasurer of the Student Government (SG). His previous experience in acting also enabled him to win several acting awards in his high school stage plays. Aside from this, he represented his school during soccer tournaments, as he became a member of the UP Rural Soccer Varsity Team. During graduation, he was given a service award for his participation to different school activities. His fondness in finances and fund management compelled him to pursue a Bachelor of Science degree in Economics in the University of the Philippines at Los Baños. With his focusing solely in academics, he only encountered minor difficulties in his college subjects. His above average grades allowed him to be invited by different honor societies namely Phi Kappa Phi International Honor Society, UP Chapter, Phi Gamma Mu, Philippine Alpha Chapter, and Gamma Sigma Delta honor society of Agriculture, Los Baños. After graduation, he plans gain firsthand experience in the business world by working in an international company. In the near future, he desires to pursue further studies in business and management abroad.
v TABLE OF CONTENTS Title Page Title Page i Biographical Sketch ii Acknowledgment iii Abstract iv Table of Contents v List of Tables vii List of Figures viii List of Appendices x INTRODUCTION 1 Background of the Study 1 Significance of the Study 3 Statement of the Problem 5 Objectives of the Study 6 REVIEW OF RELATED LITERATURE 7 The Prebisch-Singer Hypothesis 7 Differences in Income Elasticities 8 Nature of Technological Improvements 8 Unequal Market Power 9 Empirical Studies 9 Terms of Trade and Divergence in Economic Growth 10 Terms of Trade of Primary and Manufactured Products 13 Terms of Trade Movement within Specific Countries 17 METHODOLOGY 21 Theoretical Framework 21 Analytical Framework 26 Analytical Models 27 Sources and Processing of Data 29 RESULTS AND DISCUSSIONS 31 Trade policies that Affected Philippine Foreign Trade: 1996-2003 36 Price Index Movements of Major Primary Exports 38 and Manufactured Imports Temporal analysis of the Total Import Price, 42 and Export Price and Quantity indices Export Price and Quantity indices 43 Total Import Price Index 61 Temporal Analysis of the Net Barter Terms of Trade Indices 64
vi TABLE OF CONTENTS Title Page Temporal Analysis of Income Terms of Trade 73 Regression Analysis 82 Limitations of the Study 90 SUMMARY AND CONCLUSION 93 LITERATURE CITED 98 APPENDICES 103