Regional Income Convergence in the Philippines

Kaoru Hosono and Hideki Toya

Faculty of Economics
Nagoya City University


1. Introduction

2. Data

3. The Absolute Convergence

3.1 Stylized Facts
3.2 Statistical tests

4. Conditional Convergence

5. The Effects of Human Capital and Inflation Rate on the Steady State Income Level

6. Conclusion

Appendix 1. Price and Income Data

Appendix 2. Trends in Regional CPI