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The Relative Welfare Cost of Industrial and Agricultural Policy Distortions: A Philippine Illustration

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  • Clarete, Ramon L
  • Roumasset, James A

Abstract

An applied general equilibrium model of the Philippine economy is described and calibrated for evaluating the relative welfare cost of industrial/trade and agricultural policies. Industrial policies have larger economic waste relative to agricultural policies. Agricultural policy reforms without accompanying liberalization of foreign trade regimes result in relatively small improvement in economic welfare and, in the case of export and production taxes, may even be welfare worsening. Copyright 1990 by Royal Economic Society.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 42 (1990)
Issue (Month): 2 (April)
Pages: 462-72

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Handle: RePEc:oup:oxecpp:v:42:y:1990:i:2:p:462-72

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Cited by:
  1. James Roumasset, 2010. "Wither The Economics of Agricultural Development?," Working Papers, University of Hawaii at Manoa, Department of Economics 201003, University of Hawaii at Manoa, Department of Economics.
  2. Sinha, Anushree & Khan, Haider, 2008. "Gender and Informal Sector Analysis in India: Economy Wide Approaches," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) RP2008/65, World Institute for Development Economic Research (UNU-WIDER).
  3. Konan, Denise Eby & Maskus, Keith E., 2000. "Joint trade liberalization and tax reform in a small open economy: the case of Egypt," Journal of Development Economics, Elsevier, Elsevier, vol. 61(2), pages 365-392, April.
  4. David, Cristina C. & Intal, Ponciano & Balisacan, Arsenio M., 2007. "Distortions to Agricultural Incentives in the Philippines," Agricultural Distortions Working Paper, World Bank 48477, World Bank.

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