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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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  • Clarete, Ramon L & Roumasset, James A, 1990. "The Relative Welfare Cost of Industrial and Agricultural Policy Distortions: A Philippine Illustration," Oxford Economic Papers, Oxford University Press, vol. 42(2), pages 462-472, April.
    • Handle: RePEc:oup:oxecpp:v:42:y:1990:i:2:p:462-72
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    Citations

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    Cited by:

    1. James Roumasset, 2010. "Wither the Economics of Agricultural Development?," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 7(1), pages 1-22, June.
    2. David, Cristina C. & Intal, Ponciano & Balisacan, Arsenio M., 2007. "Distortions to Agricultural Incentives in the Philippines," Agricultural Distortions Working Paper Series 48477, World Bank.
    3. Rakotoarisoa, M.A. & Randriamamonjy, J., 2018. "Assessing Agricultural Policy for Targeted Reforms in Sub-Saharan Africa," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277309, International Association of Agricultural Economists.
    4. 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, vol. 61(2), pages 365-392, April.
    5. Rakotoarisoa, Manitra A., 2013. "Effects of a Mix of Taxes and Subsidies on the Mix of Products: Substitution vs. Endowment Effects Applied to the Agricultural Sector in Sub-Saharan Africa," Conference papers 332423, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    6. Anushree Sinha & Haider A. Khan, 2008. "Gender and Informal Sector Analysis in India: Economy Wide Approaches," WIDER Working Paper Series RP2008-65, World Institute for Development Economic Research (UNU-WIDER).
    7. Majah-Leah V. Ravago & James A. Roumasset & Arsenio M. Balisacan, 2021. "Adapting Competition Law and Policy for Economic Development with Asian Illustrations," Department of Economics, Ateneo de Manila University, Working Paper Series 202103, Department of Economics, Ateneo de Manila University.

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