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Black-Hole Security

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Author Info

  • James A Roumasset

    ()
    (Department of Economics, University of Hawaii at Manoa)

Abstract

The quest for economic security can sometimes exacerbate insecurity thereby leading to a black hole of regulations, spending and ever-worsening insecurity. This paper explores food security in the Philippines, demonstrating how the state-trading enterprise for rice increases prices, decreases price stability, and stifles agricultural development, all at an enormous cost to Philippine taxpayers.

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File URL: http://www.economics.hawaii.edu/research/workingpapers/005.pdf
File Function: First version, 2000
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Bibliographic Info

Paper provided by University of Hawaii at Manoa, Department of Economics in its series Working Papers with number 200005.

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Length: 23 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:hai:wpaper:200005

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References

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  1. Jeffrey A. Miron & Jeffrey Zwiebel, 1991. "Alcohol Consumption During Prohibition," NBER Working Papers 3675, National Bureau of Economic Research, Inc.
  2. Clarete, Ramon L. & Roumasset, James A., 1987. "A Shoven-Whalley model of a small open economy : An illustration with Philippine tariffs," Journal of Public Economics, Elsevier, vol. 32(2), pages 247-261, March.
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Citations

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Cited by:
  1. Roumasset, James, 1. "Rural Institutions, Agricultural Development, and Pro-Poor Economic Growth," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 1(1).
  2. James Roumasset, 2010. "Wither The Economics of Agricultural Development?," Working Papers 201003, University of Hawaii at Manoa, Department of Economics.
  3. Majah-Leah Ravago & James Roumasset, 2009. "Economic Policy for Sustainable Growth and Development vs. Greedy Growth and Preservationism," Working Papers 200909, University of Hawaii at Manoa, Department of Economics.
  4. Celia M. Reyes & Christian D. Mina, 2009. "Profitable Use of SCF in a Policy Context : the Case of Rice Stockholding in the Philippines," Development Economics Working Papers 22686, East Asian Bureau of Economic Research.

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