Friday, November 02, 2007

Holiday Econ Busted

I dislike holiday economics. I feel it disrespects the secular heroes of the country. But I couldn't argue with the economic effect of the policy.

It turns out however that there is no economic benefit from this policy. In fact
"HOLIDAY economics appears to have a “negative and insignificant” outcome on tourism activities and employment, according to a paper presented during the recent 10th National Convention on Statistics."
so let us end this nonsense and celebrate Bonifacio day when it's supposed to be celebrated.


Business Mirror has an Editorial on this.

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