The Evolution of the Key Sectors in the Philippine Economy Using an AHP-Based Sector Prioritization Index

Autor: Krista Danielle S. Yu, Michael Angelo B. Promentilla, Kathleen B. Aviso, Daryn Joy Go
Jazyk: angličtina
Rok vydání: 2019
Předmět:
Zdroj: Economies, Vol 7, Iss 3, p 78 (2019)
Economies
Volume 7
Issue 3
ISSN: 2227-7099
Popis: Economic sectors play a vital role in ensuring that government&rsquo
s goals are achieved. This study analyzes the evolution of the structure and key sectors of an economy through the use of a sector prioritization index. This methodology integrates input-output analysis and analytic hierarchy process to determine the structural changes experienced by the economy, while accounting for the changes in the government&rsquo
s priorities and concerns over time. Using the case of the Philippines from 1969 to 2012, this study shows a time-series analysis of the transformation that the economy underwent alongside with the government&rsquo
s prioritization mechanism. We found that the manufacturing sector had consistently received high-priority rankings, while the agriculture sector had recently moved from a high- to mid-priority ranking, indicating the country&rsquo
s shift towards a more industry-driven economy. These findings were supported by the private services and trade sectors&rsquo
high-priority rankings towards the latter half of the time period. Overall, our methodology was able to identify key sectors that reflect the country&rsquo
s economic and political situation across different eras.
Databáze: OpenAIRE
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