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Is it worth investing further in AFNR programs?: simulations from a supply-and-demand model

Author

Listed:
  • Anna Floresca F. Abrina

    (Department of Economics, University of the Philippines Los Ba–os)

  • Jose V. Camacho

    (Department of Economics, University of the Philippines Los Ba–os)

  • U-Primo E. Rodriguez

    (Department of Economics, University of the Philippines Los Ba–osAuthor-Name: Jaimie Kim E. Bayani-Arias
    Department of Economics, University of the Philippines Los Ba–os)

Abstract

The recent proliferation of state and local universities and colleges compounded with the high unemployment rate among graduates of fields related to agriculture, fisheries, and natural resources (AFNR) questions the validity of government making it a standing policy to make AFNR tertiary education more attractive.This paper attempts to address this issue by way of a supply-and-demand model of AFNR services. Results of the simulations indicate that there are bleak prospects for AFNR graduates in paid employment.The source of the problem appears to be weak demand such that further expansion in AFNR programs and enrolment as well as proposals to further subsidize these programs should be reconsidered.

Suggested Citation

  • Anna Floresca F. Abrina & Jose V. Camacho & U-Primo E. Rodriguez, 2010. "Is it worth investing further in AFNR programs?: simulations from a supply-and-demand model," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 47(2), pages 71-82, December.
    • Handle: RePEc:phs:prejrn:v:47:y:2010:i:2:p:71-82
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/654/756
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    More about this item

    Keywords

    Philippines; labor market; unemployment; supply-and-demand model; agriculture; fisheries; and natural resources graduates;
    All these keywords.

    JEL classification:

    • C69 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Other
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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