Brown Bag Seminar: Bilateral Contract Formation and Spot Market Equilibria in the Electricity Market Abstract:

Electricity prices in the Philippines have remained high despite the restructuring of the energy market and the establishment of the spot market under EPIRA. This outcome motivated the introduction of the Competitive Selection Process (CSP) to enhance competition and transparency in bilateral contracting. However, its system-wide effects, particularly its interaction with the spot market, remain underexplored. To analyze these dynamics, we develop a two-stage supply-function equilibrium model to assess (1) how contracting outcomes differ when agreements are formed through one-on-one negotiations, through a decentralized market with multiple generators, or through a centrally coordinated bilateral market, and (2) how contracting in each setting influences spot-market bidding strategies and resulting spot outcomes. To register: 
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FriSem: Tariff Cuts Without Consumer Gains: A Competition Policy Perspective On Philiipine Price Trends

We invite you to the UPSE–PCED Friday Seminar happening this Friday, November 28, 2025 at 4:00 PM at the Judith R. Duavit-Vasquez and Class of 1984 Lecture Room (UPSE 105). This session explores why rice and other food items remain expensive in the Philippines despite declining global prices and trade liberalization, and what these findings mean for inflation, trade reforms, and food security. Register onsite or via Zoom and be part of the discussion!
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FriSem: “PLANO: Magnets of highly educated working-age migrants across Mindanao”

This seminar explores migration patterns of highly educated working-age individuals in Mindanao using 2010 and 2020 Census data. Although recent migrants make up only about 4% of this group, their choices reveal clear patterns: younger adults and college graduates are more likely to migrate, and they prefer locations with schools, hospitals, parks, highways, airports, and small-sized enterprises. Densely populated towns, especially capital towns, are more attractive, while some regions like Davao and CARAGA draw more migrants than others. The study also shows life-cycle differences in preferences for amenities and economic opportunities.
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UPSE-PCED Seminar Series: Technology and Reform for Development

This seminar explores how digital technologies, AI, and sustainable innovations are shaping productivity, labor markets, and services in the East Asia and Pacific region. It emphasizes the transformative potential of technology and the need for coordinated policy and institutional reforms to ensure inclusive, sustainable growth.
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FriSem: Monetary Policy and Informal Labor Markets

India’s labor market presents a striking reality — about 72% of total employment lies in the informal sector, a defining feature of many emerging market economies. What implications does this hold for inflation dynamics and the effectiveness of monetary policy? Join us as we examine how labor market informality influences inflation behavior and shapes monetary policy transmission in emerging and developing economies.
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FriSem: Concentration and Union Activity in Local Labor Markets in the Philippines: Estimates and Implications

Edgardo Jopson is the Acting Division Chief of the Business and Economics Division at the Philippine Competition Commission. He is also a part-time lecturer at the University of the Philippines School of Economics, the De La Salle University Carlos L. Tiu Center for Economics, and the Ateneo de Manila University, where he teaches Data Science for Economists, Statistics, Industrial Organization, and Econometrics.
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FriSem: Resilient Futures Policy Priorities for Poverty Reduction and Middle-Class Expansion in the Philippines

Despite notable progress in poverty reduction since 2012, many Filipinos remain vulnerable to economic and climate-related shocks, which threaten to reverse hard-won gains. By examining the underlying drivers such as economic growth, labor market dynamics, and social policies, the report sheds light on the factors that have enabled progress as well as persistent bottlenecks, including labor market barriers and limited access to quality services. Building on these insights, the report proposes a set of targeted policy recommendations aimed at overcoming these obstacles and sustaining inclusive growth, with the goal of fostering a more resilient and prosperous society.
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FriSem: COVID-19 Food Relief and Social Distancing: Evidence from Bayan-Bayanihan Program in the Philippines

At the onset of the coronavirus disease (COVID-19) lockdown in the Philippines in April 2020, the Asian Development Bank, in partnership with the Philippine government and the private sector, implemented the Bayan Bayanihan (BB) food relief program which served approximately 162,000 households in the National Capital Region and nearby provinces. This study evaluates the impact of in-kind transfers on social distancing by examining the effectiveness of the BB program in restricting mobility by enabling households to stay at home. We leverage plausibly random variations in the timing of the rollout of the program by employing recent developments in estimating staggered difference-in-differences strategies to more accurately identify the effect of the program. We find supportive evidence that the program could generally discourage mobility. Our findings suggest that in addition to mitigating food insecurity, food transfer programs can also generate multiple dividends by helping families stay home and reducing the spread of COVID-19. (Co-authors: Yasuyuki Sawada, Elaine S. Tan, Arturo Martinez, Jr., Daniel Boller, Joseph Albert Nino Bulan, Ron Lester Durante, Soyoka Okumura, and Kazuharu Yanagimoto)
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FriSem: Infrastructure and Structural Transformation: Evidence from Satellite, Administrative and Multi-Generation Household Data in the Philippines

Despite growing interest in place-based policies, their effects on long-run structural transformation remain underexplored, especially in developing countries. This study examines the combined impacts of infrastructure development (highway, industrial park, and school establishments) on agrarian communities in the Philippines using 40 years of multi-generation family data, satellite imagery, and administrative records. The results suggest that infrastructure investment has induced durable structural change by increasing the probability of employment in modern sectors and facilitating human capital accumulation. Both the demand and supply sides of labor are central to self-sustaining modernization through place-based policies. Despite growing interest in place-based policies, their effects on long-run structural transformation remain underexplored, especially in developing countries. This study examines the combined impacts of infrastructure development (highway, industrial park, and school establishments) on agrarian communities in the Philippines using 40 years of multi-generation family data, satellite imagery, and administrative records. The results suggest that infrastructure investment has induced durable structural change by increasing the probability of employment in modern sectors and facilitating human capital accumulation. Both the demand and supply sides of labor are central to self-sustaining modernization through place-based policies.
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FriSem: Demographic Trends in the Philippines

Prof. Lisa Grace S. Bersales is currently the Undersecretary on Population and Development and Executive Director of the Commission on Population and Development (CPD) of the Philippines and a Professor Emeritus at the School of Statistics in UP Diliman.
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UPSE-PCED: Considering a PhD in Economics

Research shows that investing in early education is crucial for enhancing the academic outcomes of Filipino children. Considering a PhD in Economics provides an opportunity to explore and contribute to such impactful research
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FriSem: Group Entanglement and Esprit de Corps Programs as Solutions to Selected Collective Action Problems

Do you want to learn more about programs that pose solutions to collective action problems (CAP)? Don't miss this seminar by UPSE Prof. Emeritus Raul Fabella by registering thru QR codes. Do you want to learn more about programs that pose solutions to collective action problems (CAP)? Don't miss this seminar by UPSE Prof. Emeritus Raul Fabella by registering via the links below: Do you want to learn more about programs that pose solutions to collective action problems (CAP)? Don't miss this seminar by UPSE Prof. Emeritus Raul Fabella by registering via the links below:
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FriSem: Central Bank Data Dependency

Learn about new measures of central bank data dependency–the extent to which a central bank will adjust its policy stance in response to incoming data–for the Federal Reserve and the European Central Bank. These measures show that data dependency varies over time and reached record highs in the post-pandemic period. Join us in person or
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Graduate Brown Bag: Navigating Tomorrow: Introduction to Futurecasting Methodologies

Do you want to know more about Futurecasting? The lecture will emphasize the practical applications of futurecasting methodologies such as science fiction prototyping, archetype user journey analysis, and threatcasting in business, policy, and innovation. Don’t miss this opportunity to deepen your knowledge of futurecasting, and apply this in analyzing emerging technologies, societal shifts, and global
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Holistic View on Deprivatization

On January 10, 2025, the UP School of Economics (UPSE) and the Philippine Center for Economic Development (PCED) hosted a seminar titled “A Holistic View on Deprivatization” from 3:00 PM to 5:00 PM at the Riingen Informatics IT Lab. The event featured Prof. Qian Sun, Professor of Finance and Chair of the Department of Finance
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Decomposing Philippine Inflation into Its Supply and Demand Components (2001-2023)

The UP School of Economics hosted a seminar entitled “Decomposing Philippine Inflation into Its Supply and Demand Components (2001-2023)” presented by Assistant Professor Jan Carlo B. Punongbayan on September 20, 2024 (Friday), at 4:00 PM, which took place in Room 105 (Judith R. Duavit-Vasquez and Class of 1984 Lecture Room). The seminar was also accessible
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Building Roads in Northern Canada: A Driver of Development?

Speaker: Thomas Stringer, PhD (Professor, Department of Industrial Engineering, Tecnológico de Monterrey Date: 6 February 2024, 3:00 pm Venue: Julius T. Limpe Lecture Room (Room 103) Abstract: The paper examines the economic effects of road connection, using Northern Canada as a case study. It will also outline some of the policy options explored for developing
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Examining generic competition in the statins drug market in the Philippines

Speaker: Maria Cielo D. Magno Date: 06 October 2023 Time: 4:00 PM  Venue: Judith R. Duavit-Vasquez & Class of 1984 Lecture Room  Other Details: None Abstract: One approach to reduce the cost of medicine is through generic drug competition. The Generics Act of 1988 (R.A. No. 6675) requires government health agencies and personnel to use
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Fiscal Policy Options for Resilient and Sustainable Development

Speaker: Ethisham Ahmad Date: 27 June 2023 Time: 4:00 PM  Venue: Judith R. Duavit-Vasquez & Class of 1984 Lecture Room  Other Details: None Abstract:  The Pandemic has underlined the importance of uncertainty in modeling and policy design, which also applies to the increasing frequency and intensity of climate shocks. Policies based on static market-clearing models,
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