Cayetano Paderanga Jr.

Summary

Cayetano "Dondon" Paderanga Jr. (October 9, 1948 – January 29, 2016) was a Filipino economist and former Director-General[2] of the National Economic and Development Authority (NEDA), a cabinet-level agency of the Philippine government responsible for economic development and planning.

Cayetano Paderanga Jr.
Cayetano Paderanga Jr.jpg
Cayetano Paderanga Jr. on July 2011
7th Director-General of the National Economic and Development Authority
Concurrently Secretary of Socioeconomic Planning
In office
August 3, 2010 – May 10, 2012[1]
PresidentBenigno Aquino III
Preceded byRalph Recto
Augusto Santos (acting)
Succeeded byArsenio Balisacan
In office
1990–1992
PresidentCorazon Aquino
Preceded byJesus Estanislao
Succeeded byCielito Habito
Personal details
Born(1948-10-09)October 9, 1948
Camiguin Province, Philippines
DiedJanuary 29, 2016(2016-01-29) (aged 67)
Taguig, Philippines
Spouse(s)Delia C. Paderanga
Children2
Alma materStanford University
University of Asia and the Pacific
De La Salle University
OccupationEconomist, NEDA Director General, Economics Professor

Paderanga previously served as NEDA Director-General from 1990 to 1992, under former President Corazon C. Aquino's presidency and was a member of the Monetary Board of the Central Bank of the Philippines from 1993 to 1999.[3] He was also Executive Director for the Philippines in the Asian Development Bank (ADB) from 2001 to 2003.[4]

A native of Camiguin province in Northern Mindanao, Paderanga was a graduate of the Center for Research and Communication (now the University of Asia & the Pacific) and De La Salle University and holds a Ph.D. in Economics from Stanford University in California, USA. Paderanga was also a professor of economics at the University of the Philippines School of Economics.

Early lifeEdit

Paderanga was born on October 9, 1948 in Camiguin to Atty. Cayetano Palarca Paderanga & Judge Consejo Woo Paderanga. He is the 4th eldest child among 16 siblings.[5] He attended high school at the Fatima College of Camiguin. He took up Accounting at the De La Salle University in Manila in March 1968.

CareerEdit

Academic careerEdit

Upon finishing his bachelor's degree in accountancy as a full Scholar of the Del Monte Packing Corporation from 1964 to 1968, Paderanga worked for the then De La Salle College from June 1969 to May 1971. He had been research tutor from June 1971 to August 1972 at the Center for Research and Communication (now the University of Asia & the Pacific), where he was also pursuing his graduate studies. He was a Fulbright-Hays Fellow in 1972.

Paderanga attended the prestigious Stanford University for his Ph.D. in Economics, served as a university fellow from 1974 to 1976 and as a teaching assistant from September 1976 to August 1977. He also worked as an instructor at the Foothill College in Mountain View, California from September 1976 to June 1978 and as research assistant for the Center for Econometric Studies on Crime at the Hoover Institute of Stanford University from January 1977 to May 1979. He completed his dissertation "Racial Preferences and Housing Prices: The Case of San Mateo County, California" under Richard Muth in 1979.[6][7]

Upon receiving his Ph.D. degree, Paderanga joined the faculty of UP School of Economics at the University of the Philippines Diliman as an assistant professor. He received the Rockfeller Foundation Postdoctoral Fellowship in Population Sciences from 1983 to 1984 and served as a Visiting Fellow of the Economic Growth Center in the Department of Economics of Yale University from 1983 to 1984. He subsequently left for Canada as a Visiting Assistant Professor at the University of Western Ontario. Paderanga was promoted to full professor rank in the University of the Philippines Diliman in June 1991 and was appointed Visiting Professor at Kobe University in Japan in 2010.

Government serviceEdit

Following President Benigno Aquino III's win in the 2010 national elections, he was appointed as the Socio-Economic planning Secretary. This is the second time that he has held this post, the first one being under President Corazon C. Aquino's administration.

In July 2010, as NEDA Director-General under President Benigno Aquino III's Cabinet, Paderanga Jr. said that he sees an 8% growth in the economy,[8] higher than the original 5-6% forecast by the government.[9]

After almost a year in office, Paderanga Jr. was finally confirmed by the Commission on Appointments (CA) on May 17, 2011.[10]

Close to a year after his confirmation, Paderanga Jr. resigned his post at NEDA.[11] According to Abigail Valte, one of the President's spokespersons, Paderanga Jr. quit for health reasons.[12] Dean Arsenio Balisacan of the University of the Philippines was appointed as acting NEDA Director-General shortly after. Immediately after, President Aquino appointed him Chairman of the Development Academy of the Philippines (DAP) at his request, as he felt that this was a less stressful post where he could nonetheless continue to serve the government. Still, he worked actively in the DAP, involving himself in its numerous programs and projects. He held this position until his death.[13]

Paderanga served as a member of the Monetary Board of the Central Bank of the Philippines (Bangko Sentral ng Pilipinas). He was also the Executive Director and Alternate Executive Director for the Philippines, Pakistan, Maldives, Marshall Islands, Mongolia and Kazakhstan in the Asian Development Bank from 2001 to 2003.[citation needed]

DeathEdit

Paderanga died of complications from heart surgery on January 29, 2016 at St. Luke's Medical Center Global City. He was surrounded by his immediate family at the time of his death.[14]

AffiliationsEdit

  • National Research Council of the Philippines
  • Philippine Economics Society, Life Member
  • American Economics Association
  • American Studies Association of the Philippines (ASAP), 1985
  • Philippine Statistical Association Inc. since 2005
  • Pacific Economic Outlook Experts Group, since March 1998

PapersEdit

Paderanga Jr. wrote a paper on the global crisis of 2009 entitled "Learning From The Global Crisis - East Asian Model",[15] at a time when he was a visiting professor at the Kobe University in Japan.

ReferencesEdit

  1. ^ "Aquino appoints UP's Dean Balisacan as new NEDA chief | Money | GMA News Online". Gmanetwork.com. 2012-05-12. Retrieved 2016-01-31.
  2. ^ nfo.ph. "Cayetano Paderanga Jr." Archived 2016-03-03 at the Wayback Machine, Manila, 1 July 2010. Retrieved 15 July 2010.
  3. ^ Former Senior Government Officials "Cayetano Paderanga Jr.", Manila, 21 January 2009. Retrieved 15 July 2010.
  4. ^ "Prof. Paderanga named NEDA Director General". Archived from the original on July 28, 2010. Retrieved July 15, 2010.
  5. ^ The laudable Judge Paderanga. "The laudable Judge Paderanga."[permanent dead link], Cagayan de Oro City, 25 Nov 2004. Retrieved 10 July 2010.
  6. ^ entry in Dissertation Abstracts International: The humanities and social sciences (1980)
  7. ^ Paderanga's dissertation archived on Google Books
  8. ^ "Philippines Top Stories: Politics, Environment, Education, Trending | Inquirer.net". Archived from the original on August 1, 2010. Retrieved July 30, 2010.
  9. ^ "Philippines Business, Financial and Economic News | Inquirer.net". Archived from the original on August 16, 2010. Retrieved August 15, 2010.
  10. ^ [1][dead link]
  11. ^ Malig, Jojo (12 May 2012). "Paderanga quits NEDA". Inquirer.NET. Retrieved 12 May 2012.
  12. ^ Bordadora, Norman (12 May 2012). "NEDA chief resigns; Palace cites health". inquirer.NET. Retrieved 12 May 2012.
  13. ^ "Paderanga, DAP Chairman, economist par excellence, patriot, passes away (February 1, 2016)". February 2016.
  14. ^ "Ex-NEDA chief Cayetano Paderanga Jr. passes away | Headlines, News, The Philippine Star". Philstar.com. Retrieved 2016-01-31.
  15. ^ "Learning From The Global Crisis - New East Asian Model". Scribd.com. 2010-11-11. Retrieved 2016-01-31.
Preceded by
Augusto Santos (Acting)
Director-General of the National Economic and Development Authority
2010 – 2012
Succeeded by
Arsenio Balisacan
Preceded by Director-General of the National Economic and Development Authority
1990 – 1992
Succeeded by