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The Green Revolution in a macroeconomic perspective : the Philippine case

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  • Bautista, Romeo M.

Abstract

This paper analyzes the income and equity effects of the dramatic growth in rice yield in the Philippines during the "green revolution" period 1965-1980 using a modified Social Accounting Matrix (SAM) framework. Proportionately larger income benefits are found to accrue to the large-farm than the small-farm households, indicating a negative equity effect under the historical policy regime and economic structure. The results of counterfactual simulation involving a more active promotion of small-farm production point to a complementarity, rather than a tradeoff, between the twin objectives of growth and equity.

Suggested Citation

  • Bautista, Romeo M., 1995. "The Green Revolution in a macroeconomic perspective : the Philippine case," TMD Discussion Papers 97772, CGIAR, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:ags:iffp23:97772
    DOI: 10.22004/ag.econ.97772
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