http://dspace.upb.edu.ph/jspui/handle/123456789/4 2026-08-17T18:22:22Z http://dspace.upb.edu.ph/jspui/handle/123456789/78 Maximizing the Economic Value of Cultural Heritage in a UNESCO Creative City Abansi, Corazon L. 2019-07-18T00:00:00Z http://dspace.upb.edu.ph/jspui/handle/123456789/66 Heritage Accounting Acosta-Corpuz, Dianne The ongoing heritage project of the International Public Sector Accounting Standards Board (IPSASB) aims to develop additional guidance on the financial reporting for heritage assets to satisfy the informational needs of the general-purpose financial report users, purposively, for proper accounting and sound decision-making. Baguio City, belongs to the Cordillera Administrative Region (CAR) of the Philippines, governed by its respective local government unit, is endowed historically, culturally and naturally with heritage assets. Aimed to analyze how the city presented such assets in its financial statements, this study explores deeper on its 10-year financial statements, including the notes containing the relevant disclosures. The financially unclassified heritages assets are studied further vis-à-vis the developing IPSAS in the pursuit of their inclusion in the books, in the face of the financial statements or through adequate disclosures. Issues on definition, recognition and measurement are raised in the course of the consultation of IPSASB with the public. With the presence of existing Philippine government accounting standards, the international disputes appear similar, like the inclusion of heritage assets as part of Property, Plant and Equipment ruled by IPSAS 17. In anticipation for final approval of the IPSAS in 2021 and subsequent adoption in the Philippines, this paper expects to uncover Baguio City’s capability to capture substantially all its heritage assets in its financial statements to inform and educate better its constituents, thus, strengthening significantly their drive for the preservation of these heritage assets bearing their Cordilleran identity. 2019-07-01T00:00:00Z http://dspace.upb.edu.ph/jspui/handle/123456789/65 Reclaiming the Community as the Site of Development Planning Ciencia, Alejandro, Jr. N. The paper considers the issues of Cordillera regional autonomy, democracy, and community participation in development planning.It builds on the findings and recommendations of previous studies on indigenous Cordillera political institutions and regional autonomy. As such, it highlights works published by UP Baguio’s Cordillera Studies Center (CSC). It pays special attention to two (2) publications, namely, June Prill-Brett’s Tradition and Transformation: Studies on Cordillera Indigenous Culture, and Athena Lydia Casambre’sDiscourses on Cordillera Autonomy, a collection of papers discussing the failed attempts in 1990 and 1998 to establish regional autonomy in the Cordillera. It problematizes Casambre’s argument for the rejection of previous regional autonomy proposals and draws out the conclusion that follows from her reasoning. The paper argues that Cordillera autonomy would be best expressed or achieved, not by establishing an autonomous regional governmental body, but by recognizing, upholding, or (re)strengthening the autonomy of the ili, that is, the Cordillera village or community. The paper is part of the panel on (Re)Claiming Sites for Empowerment On the Ground in the Cordillera (Philippines) as proposed by the panel convenor, Professor Jennifer Josef of UP Baguio. 2019-07-01T00:00:00Z http://dspace.upb.edu.ph/jspui/handle/123456789/64 Foreign Direct Investments and Economic Growth de la Cruz, Rainier Ric B. Can developing countries really benefit from foreign direct investment? This study provides empirical evidence on the FDI – growth nexus at the microeconomic level by assessing the impact of foreign investments on the productivity of local manufacturing firms in the Philippines. While existing literature on spillover effects generally rely on case studies of specific FDI projects and country cases or industry level analyses, this research examines the existence of different spillover mechanisms using firm level data from the 2015 World Bank Enterprise Surveys which cover several aspects of business environment along with measures of firm performance. Empirical estimates indicate that horizontal linkages, which capture the extent of foreign presence in one sector, are strongest in the electronics, precision instruments, and furniture subsectors, while forward linkages, which proxy for the potential forward spillover effect from foreign presence in a producer industry’s suppliers, are strongest in transport machines and machinery and equipment. Finally, the strongest backward linkages are found in the basic metals and refined petroleum products subsectors. Regression results show that the level of firm equity owned by foreign investors (foreign share) has a positive and significant impact on local firm productivity while all proxies for spillover effects are insignificant in all model specifications. This may indicate that spillovers remain limited in the country because of the presence of economic and regulatory constraints: local firms may lack the necessary absorptive capacity to capitalize on beneficial knowledge transfers even as constitutional and other legal restrictions on foreign participation in certain key sectors continue to hamper foreign investment inflows. 2018-11-01T00:00:00Z