Food Policy: Its Role in Price Stability and Food Security
AbstractDue to the increase in prices of basic agricultural commodities in 1995, food price stability and food security have again emerged as a major policy concern. This paper argues that the sharp increases in prices of rice; largely the choice and management of policy instrument have caused corn and sugar. Highly protectionist policy on tariffs imposed on sensitive agricultural products is not sustainable over a prolonged period of time. Moreover, bidding out of the right to import while retaining quotas, can minimize gross errors in timing and amount of importation.
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Bibliographic InfoPaper provided by Philippine Institute for Development Studies in its series Discussion Papers with number DP 1997-11.
Date of creation: 1997
Date of revision:
food sector; food price stability; nominal protection rate; price instability;
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- Yao, Richard T. & Shively, Gerald E. & Masters, William J., 2005.
"How Successful Are Government Interventions In Food Markets? Insights From The Philippine Rice Market,"
2005 Annual meeting, July 24-27, Providence, RI
19263, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Richard Yao & Gerald Shively & William Masters, 2005. "How Successful Are Government Interventions In Food Markets? Insights From The Philippine Rice Market," Working Papers 05-06, Purdue University, College of Agriculture, Department of Agricultural Economics.
- Intal, Ponciano Jr. S. & Cu, Leah Francine & Illescas, Jo Anne, 2012. "Rice Prices and the National Food Authority," Discussion Papers DP 2012-27, Philippine Institute for Development Studies.
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