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Structural Adjustment Policy Experiments: The Use of Philippine CGE Models

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  • Cororaton, Caesar B.
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    Abstract

    This paper reviews the general structure of the following general computable general equilibrium (CGE): the APEX model, Habito’s second version of the PhilCGE model, Cororaton’s CGE model and Bautista’s first CGE model. These models are chosen as they represent the range of recently constructed CGE models of the Philippine economy. They also represent two schools of thought in CGE modeling: the well defined neoclassical, Walrasian, general equilibrium school where the market-clearing variable is the price, and the non-Walrasian or structuralist school where the market-clearing variable is quantity. Actual simulations using these models are conducted.

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    File URL: http://serp-p.pids.gov.ph/serp-p/download.php?d=336&s=3
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    Bibliographic Info

    Paper provided by Philippine Institute for Development Studies in its series Discussion Papers with number DP 1994-03.

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    Length: 86
    Date of creation: 1994
    Date of revision:
    Handle: RePEc:phd:dpaper:dp_1994-03

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    Related research

    Keywords: tariff reduction; stabilization program; income distribution; computable general equilibrium (CGE); agriculture sector; input-output framework; devaluation; APEX model; export demand elasticity; balance of payments;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Bourguignon, Francois & Branson, William H. & de Melo, Jaime, 1992. "Adjustment and income distribution : A micro-macro model for counterfactual analysis," Journal of Development Economics, Elsevier, Elsevier, vol. 38(1), pages 17-39, January.
    2. Shoven, John B & Whalley, John, 1984. "Applied General-Equilibrium Models of Taxation and International Trade: An Introduction and Survey," Journal of Economic Literature, American Economic Association, vol. 22(3), pages 1007-51, September.
    3. Harris, Richard, 1984. "Applied General Equilibrium Analysis of Small Open Economies with Scale Economies and Imperfect Competition," American Economic Review, American Economic Association, American Economic Association, vol. 74(5), pages 1016-32, December.
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    Cited by:
    1. Cororaton, Caesar B. & Cockburn, John & Corong, Erwin, 2005. "Doha scenarios, trade reforms, and poverty in the Philippines : a computable general equilibrium analysis," Policy Research Working Paper Series 3738, The World Bank.
    2. Caesar B. Cororaton & John Cockburn & Erwin Corong, 2005. "Doha Scenarios, Trade Reforms, and Poverty inthe Philippines: a CGE Analysis," Working Papers MPIA, PEP-MPIA 2005-03, PEP-MPIA.
    3. Cororaton, Caesar B. & Cockburn, John & Corong, Erwin, 2005. "Doha scenarios, trade reforms, and poverty in the Philippines," MTID discussion papers, International Food Policy Research Institute (IFPRI) 86, International Food Policy Research Institute (IFPRI).
    4. U-Primo E. Rodriguez, 2008. "Impacts of the Free Trade Area of the Pacific (FTAAP) on Production, Consumption, and Trade of the Philippines," Development Economics Working Papers 22694, East Asian Bureau of Economic Research.
    5. Cororaton, Caesar B., 2003. "Analyzing the Impact of Trade Reforms on Welfare and Income Distribution Using CGE Framework: The Case of the Philippines," Discussion Papers, Philippine Institute for Development Studies DP 2003-01, Philippine Institute for Development Studies.
    6. Rodriguez, U-Primo E., 2008. "Impacts of the Free Trade Area of the Pacific (FTAAP) on Production, Consumption, and Trade of the Philippines," Discussion Papers, Philippine Institute for Development Studies DP 2008-20, Philippine Institute for Development Studies.
    7. Rodriguez, U-Primo E., 2007. "State-of-the-Art in Regional Computable General Equilibrium Modelling with a Case Study of the Philippines," Agricultural Economics Research Review, Agricultural Economics Research Association (India), Agricultural Economics Research Association (India), vol. 20(1).

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