IDEAS home Printed from https://ideas.repec.org/a/ags/phajad/404800.html

Evaluating Policies for the Philippine Rice Market: Applications of the REMEDIOS Model

Author

Listed:
  • Briones, Roehlano

Abstract

For agriculture, market conditions change rapidly, whereas agricultural policies tend to follow with a lag. Debates are prolonged in the absence of sufficient information about the potential impact of policies across different groups and on society in general. When policies do adjust, changing conditions may render them obsolete, repeating the cycle. Models to assess potential policy impacts exist, but take time to adapt to changing market conditions, and their workings tend to be opaque to most stakeholders. Policy discussions are best informed by just-in-time analyses that are easily replicated and transparent. This paper presents one such model, the Rapid Evaluation of Market Equilibrium with Differentiated Origin Sectors (REMEDIOS), implemented in a spreadsheet with a solver option. It is made freely available subject to proper attribution. The Excel file may be downloaded for free from http://bit.ly/3YQpL9J. It is applicable to an arbitrary commodity and country. In this paper, the author undertakes a numerical application to the Philippine rice market, with baseline specified using 2024 data. Despite its simplicity, REMEDIOS is versatile enough to capture various market conditions and policies, such as increased supply, lower world price, increased tariffs, an import quota, and a floor price for paddy. REMEDIOS is capable of identifying which policies benefit society, and the size of these benefits, by estimating losses and gains to producers, consumers, and government. The analysis highlights the usefulness of REMEDIOS in current policy debates in the Philippines and, potentially, in future policy discussions and in other national settings.

Suggested Citation

  • Briones, Roehlano, 2026. "Evaluating Policies for the Philippine Rice Market: Applications of the REMEDIOS Model," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 23(1), June.
    • Handle: RePEc:ags:phajad:404800
    DOI: 10.22004/ag.econ.404800
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/404800/files/Rev%201_Briones_AJAD23.1_Jun2026.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.404800?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Balié, Jean & Valera, Harold Glenn, 2020. "Domestic and international impacts of the rice trade policy reform in the Philippines," Food Policy, Elsevier, vol. 92(C).
    2. Devarajan,Shantayanan & Go,Delfin Sia & Robinson,Sherman, 2023. "Trade Elasticities in Aggregate Models : Estimates for 191 Countries," Policy Research Working Paper Series 10490, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Asjad Naqvi, 2025. "Global Demand and Supply Elasticities and the Impact of Tariff Shocks," WIFO Working Papers 702, WIFO.
    2. Delina, Laurence L. & Tam, Kim-Pong & Afable, Sanny D. & Fuerzas, Ivee & Dharmiasih, Wiwik & Salamanca, Albert, 2025. "Rice, resilience, and relationships: Unpacking the intangible sources of resilience in Southeast Asian heritage ricescapes," World Development, Elsevier, vol. 195(C).
    3. Valera, Harold Glenn & Yamano, Takashi & Pede, Valerien, 2021. "Impact of Rice Trade Policy in Southeast Asia," 2021 Conference, August 17-31, 2021, Virtual 315265, International Association of Agricultural Economists.
    4. Valera, Harold Glenn A. & Yamano, Takashi & Pede, Valerien O., 2021. "Potential trade policy reforms in Southeast Asian rice markets: Domestic and international impacts," 2021 Annual Meeting, August 1-3, Austin, Texas 313904, Agricultural and Applied Economics Association.
    5. Balié, Jean & Minot, Nicholas & Valera, Harold Glenn A., 2021. "Distributional impacts of the rice tariffication policy in the Philippines," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 289-306.
    6. Albino N. Taer, 2026. "Shrinking rice bowls: tracing the decline of Philippine rice lands," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 18(1), pages 279-292, February.
    7. Valera, Harold Glenn & Pede, Valerien Olivier & Antonio, Ronald Jeremy, 2025. "What do we know about the future of rice in relation to food systems?," IFPRI book chapters, in: What do we know about the future of food systems?, chapter 32, pages p. 191-19, International Food Policy Research Institute (IFPRI).
    8. Cyril Jes S. Aureada & Ricardo L. Dizon, 2024. "The Impact of Rice Tariffication Law on Rice Farmer Income and Occupational Choice: A Microsimulation Approach," International Journal of Economics, IPRJB, vol. 9(3), pages 49-65.
    9. Ronald Jeremy Antonio & Harold Glenn Valera & Ashok K. Mishra & Valerien O. Pede & Takashi Yamano & Bernardo Oliva Vieira, 2025. "Rice Price Inflation Dynamics in the Philippines," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 69(2), pages 440-452, April.
    10. Ginbert P. Cuaton & Laurence L. Delina, 2022. "Two decades of rice research in Indonesia and the Philippines: A systematic review and research agenda for the social sciences," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 9(1), pages 1-21, December.
    11. Liboreiro, Pablo R., 2025. "Intermediate inputs in Dutch disease. Copper in Chile," Structural Change and Economic Dynamics, Elsevier, vol. 72(C), pages 427-437.
    12. Pede, Valerien & Valera, Harold Glenn & Mishra, Ashok & Balié, Jean, 2023. "Future of Rice in Asia: Perspectives and Opportunities, 2050," MPRA Paper 123639, University Library of Munich, Germany.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:phajad:404800. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/searcph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.