The article discusses how economic models in the Philippines have evolved from traditional macroeconometric models to computable general equilibrium (CGE) models. These models help policymakers understand how different policies affect the economy, resource allocation, and income distribution. The researchers found that recent models in the Philippines have incorporated advanced techniques like cointegration analysis and vector autoregressive systems. Additionally, CGE models in the country have started using econometric estimates from real-world data, while macroeconometric models are being used to track social outcomes like poverty and income distribution.