PRIMER

What is QRES?

The QRES is a report describing the regional economic situation for a given quarter.

For what purpose is it being prepared?

To provide up-to-date information as basis for quick remedial actions and policy interventions.

For whom is it being prepared?

The target users of the QRES are the President and the Regional Development Council (RDC). It is a constant reference material for government units, the private sector, the academe, and non-government organizations.

What information does it contain?

An assessment of the regional economic performance for a given quarter along with sources of economic growth or contraction.

A discussion of critical incidents and development which have significant bearing on the performance of the regional economy.

Specific policy and/or management recommendations to address bottlenecks on one hand, or to sustain economic growth on the other. 

What are the sources of information?

• "Hard" data from strategic economic indicators that are being gathered by statistical and other government agencies on a quarterly basis.

• "Soft" data derived from the results of the Rapid Appraisal of the Regional Economy (RARE).

What is the RARE?

It is a personal interview of at least 20 key informants in the region, the purpose of which is to obtain a general perception or "gut feel" of the regional economic performance for a given quarter.

Who are the key informants?

They are a select group of individuals, coming from both government and the private sector, who are perceived to be most knowledgeable in their respective industry or sector.

They include planners and managers of government agencies/ units, industrialists, heads of bankers' associations and other industry/business associations or cooperatives.

Ideally, the QRES should be available on the second month of the succeeding quarter.

         Agencies Directly Involved in the QRES Preparation:

National Economic and Development Authority (NEDA)

National Statistical Coordination Board (NSCB)

National Statistics Office (NSO)

Department of Trade and Industry (DTI)

Department of Labor and Employment (DOLE)

Department of Tourism (DOT)

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