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The Green Revolution in a macroeconomic perspective: the Philippine case

Author

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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 4, International Food Policy Research Institute (IFPRI).
  • Handle: RePEc:fpr:tmddps:4
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    File URL: http://www.ifpri.org/sites/default/files/publications/tmdp04.pdf
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    Cited by:

    1. Romeo M. Bautista, 1997. "Income and equity effects of the green revolution in the Philippines: a macroeconomic perspective," Journal of International Development, John Wiley & Sons, Ltd., vol. 9(2), pages 151-168.

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