Raul V. Fabella
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Raul V. Fabella (born 12 April 1949,
Bacolod Bacolod, officially the City of Bacolod (; hil, Dakbanwa/Syudad sang Bacolod; fil, Lungsod ng Bacolod), is a 1st class highly urbanized city in the region of Western Visayas, Philippines. It is the capital of the province of Negros Occidenta ...
, Negros Occidental, Philippines) is a Filipino academic, economist and National Scientist of the Philippines. He was born to Estelito Fabella and Magdalena VillaseƱor in
Bacolod Bacolod, officially the City of Bacolod (; hil, Dakbanwa/Syudad sang Bacolod; fil, Lungsod ng Bacolod), is a 1st class highly urbanized city in the region of Western Visayas, Philippines. It is the capital of the province of Negros Occidenta ...
, Negros Occidental. Raul is the grandnephew of Gabriel Fabella, father of June 12th. Raul's grandfather Adriano was Gabriel's brother. Fabella was educated at the Seminario Mayor-Recoletos (now the Casiciaco Recoletos Seminary,
Ph.B. Bachelor of Philosophy (BPhil, BPh, or PhB; la, Baccalaureus Philosophiae or ) is the title of an academic degree that usually involves considerable research, either through a thesis or supervised research projects. Unlike many other bachelor's ...
1970); the University of the Philippines School of Economics at UP Diliman ( M.A. 1975). He obtained his Ph.D. from the Department of Economics of Yale University in 1982 with the dissertation "Economies of Scale in the Household Production Model and Intra-Family Allocation of Resources". His entire academic career has been spent with the faculty of the University of the Philippines School of Economics (UPSE), which he served as dean from 1998 to 2007. Fabella has written articles in both theoretical and applied fields: political economy and rent-seeking; the theory of teams; regulation; international economics; and
mathematical economics Mathematical economics is the application of mathematical methods to represent theories and analyze problems in economics. Often, these applied methods are beyond simple geometry, and may include differential and integral calculus, difference an ...
. Notable concepts associated with him are the "''Olson ratio''" in rent-seeking, ''egalitarian Nash bargaining solutions'', and the ''debt-adjusted real effective exchange rate''. In public-policy debates he has been a prominent advocate of a policy of
currency undervaluation A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general de ...
as a tool of development. Fabella was elected to the National Academy of Science and Technology (NAST) in 1995. Upon endorsement by NAST, he was awarded the title of National Scientist by President Benigno Aquino III on 27 July 2011. The National Scientist title is the highest recognition given by the Philippine Government to a Filipino for his or her outstanding contributions to science and technology.


References

{{DEFAULTSORT:Fabella, Raul V. 20th-century Filipino economists 1949 births Living people Academic staff of the University of the Philippines People from Bacolod University of the Philippines Diliman alumni Yale Graduate School of Arts and Sciences alumni 21st-century Filipino economists National Scientists of the Philippines