The Critical Role of Trade and Industrial Statistics in Policy Formulation

Key Points

A critical role of trade and industrial statistics is highlighted in guiding policy formulation, enhancing economic outcomes.
The paper emphasizes that analysis of economic statistics is essential during the ongoing industrial restructuring in the Philippines.
An integrated approach to data collection is necessary, as current information systems across ministries lack coordination.
Improving trade and industrial statistics could lead to more informed policy decisions, aiding in national economic growth.

Abstract

This paper is presented at the Third National Convention on Statistics on December 13-14, 1982. The move to strengthen the Philippine economic statistics comes at a very opportune time when the Philippine government is implementing a major industrial restructuring program. While each ministry has developed its own information system, analysis indicates the need for an integrated approach to the collection and analysis of information relating to trade and industry.

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Makasiar et al. (Wed,) studied this question.

synapsesocial.com/papers/68e03509f0e39f13e7fa429f https://doi.org/https://doi.org/10.62986/pjd1983.10.1c