Cayetano "Dondon" Paderanga Jr. (October 9, 1948 – January 29, 2016) was a Filipino economist and former Director-General of the

National Economic and Development Authority The Department of Economy, Planning, and Development (DEPDev; ) is the executive department of the Philippine government responsible for national and regional economic policy, development, monitoring, and planning. DEPDev also oversees the pl ...

(NEDA), a cabinet-level agency of the

Philippine government The government of the Philippines () has three interdependent branches: the legislative, executive, and judicial branches. The Philippines is governed as a unitary state under a presidential representative and democratic constitutional repub ...

responsible for economic development and planning. 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 The Bangko Sentral ng Pilipinas (; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of Re ...

from 1993 to 1999. He was also Executive Director for the

Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...

in the Asian Development Bank (ADB) from 2001 to 2003. A native of

Camiguin Camiguin, officially the Province of Camiguin (; ; Kamigin: ''Probinsya ta Kamigin''), is an island province in the Philippines located in the Bohol Sea, about off the northern coast of mainland Mindanao. It is geographically part of Region ...

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 De La Salle University (), also referred to as DLSU, De La Salle or La Salle, is a private, Catholic coeducational research university run by the Institute of the Brothers of the Christian Schools with main campus in Taft Avenue, Malate, Man ...

and holds a Ph.D. in

Economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

from

Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...

California, USA California () is a state in the Western United States that lies on the Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares an international border with the Mexican state of Baja California to the sout ...

. Paderanga was also a professor of economics at the University of the Philippines School of Economics.

Early life

Paderanga was born on October 9, 1948, in

to Atty. Cayetano Palarca Paderanga & Judge Consejo Woo Paderanga. He is the 4th eldest child among 16 siblings. He attended high school at the Fatima College of

. He took up

Accounting Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activit ...

at the

Manila Manila, officially the City of Manila, is the Capital of the Philippines, capital and second-most populous city of the Philippines after Quezon City, with a population of 1,846,513 people in 2020. Located on the eastern shore of Manila Bay on ...

in March 1968.

Career

Academic career

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 and the Pacific The University of Asia and the Pacific (UA&P; ) is a private university in the Philippines. It traces its beginnings to the Center for Research and Communication (CRC), which was established on August 15, 1967, as a private think-tank that cond ...

), where he was also pursuing his graduate studies. He was a Fulbright-Hays Fellow in 1972. Paderanga attended the prestigious

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 Mountain View is a city in Santa Clara County, California, United States, part of the San Francisco Bay Area. Named for its views of the Santa Cruz Mountains, the population was 82,376 at the 2020 United States census, 2020 census. Mountain V ...

, 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 Richard Ferris Muth (May 14, 1927 – April 10, 2018) was an American economist who is considered to be one of the founders of urban economics (along with William Alonso and Edwin Mills (economist), Edwin Mills). Muth obtained his Ph.D. from the ...

in 1979. Upon receiving his Ph.D. degree, Paderanga joined the faculty of UP School of Economics at the

University of the Philippines Diliman The University of the Philippines Diliman (also called UPD; ), also referred to as UP Diliman, is a State university and college (Philippines), public, coeducational, Research university, research university located in Diliman, Quezon City, Ph ...

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 Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...

from 1983 to 1984. He subsequently left for

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

as a Visiting Assistant Professor at the

University of Western Ontario The University of Western Ontario (UWO; branded as Western University) is a Public university, public research university in London, Ontario, Canada. The main campus is located on of land, surrounded by residential neighbourhoods and the Thame ...

. Paderanga was promoted to full professor rank in the

in June 1991 and was appointed Visiting Professor at

Kobe University , also known in the Kansai region as , is a public research university located in Kobe, Hyōgo, Japan. The university was established in 1949, but the academic origins of Kobe University trace back to the establishment of Kobe Higher Commercia ...

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

in 2010.

Government service

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, higher than the original 5-6% forecast by the government. After almost a year in office, Paderanga Jr. was finally confirmed by the Commission on Appointments (CA) on May 17, 2011. Close to a year after his confirmation, Paderanga Jr. resigned his post at NEDA. According to Abigail Valte, one of the President's spokespersons, Paderanga Jr. quit for health reasons. 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. 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.

Death

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.

Affiliations

*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

Papers

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

References

{{DEFAULTSORT:Paderanga, Cayetano 20th-century Filipino economists Stanford University alumni 2016 deaths People from Camiguin Directors-general of the National Economic and Development Authority of the Philippines 1948 births Benigno Aquino III administration cabinet members Corazon Aquino administration cabinet members University of Asia and the Pacific alumni De La Salle University alumni Academic staff of the University of the Philippines 21st-century Filipino economists