ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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PHILIPPINES-Struggle Continues

proportion of GDP rose quite sharply, capital formation by the household sector in the form of machinery and equipment rose by 59 percent. This, in that year, amounted to 22.7 per cent of the increase in total capital formation. As a result, the share of the household sector in purchases of machinery and equipment is shown to have risen from 95. This implies that the estimate of total

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