000			01622naa a2200217Ia 4500
008			160503s9999 xx 000 0 und d
001			art1020
100			_aDumagan, Jesus C.
245			_aAvoiding anomalies of GDP in constant prices by conversion to chained prices /
300			_app.1-28
490			_aVol. 35 No. 2 Second Sem 2008
520			_aChanging the base year (1985) of Philippine gross domestic product (GDP) in constant prices could change the growth rate and the shares of components even when there is no change in production volume, implying that the changes in growth rate and shares are anomalous (i.e., no real basis). This weakens GDP in constant prices as basis for valuing our economy's production and analyzing its growth performance. This paper demonstrates that GDP conversion from constant 1985 prices to chained prices avoids the above anomalies and also shows smaller and shrinking agriculture and industry sectors and enlarging services sector that is now over 50 percent of the Philippine economy. Chained prices accentuate more than constant 1985 prices the declining importance of agriculture and industry and the rising importance of services in Philippine economic transformation.
650			_aGross domestic product-Econometric models
650			_aGross domestic product-Econometric models
650			_aPrice indexes-Econometric models
650			_aPrice indexes-Econometric models
650			_aPrices-Econometric models
773			_w0115-9143 _tPhilippine Journal of Development
856			_uhttp://dirp3.pids.gov.ph/ris/pjd/pidspjd08-2gdp.pdf
942			_cART _2MT
999			_c7450 _d7450