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Structural Adjustment Policy Experiments: The Use of Philippine CGE Models

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  • Cororaton, Caesar B.

Abstract

This paper reviews the general structure of the following general computable general equilibrium (CGE): the APEX model, Habito’s second version of the PhilCGE model, Cororaton’s CGE model and Bautista’s first CGE model. These models are chosen as they represent the range of recently constructed CGE models of the Philippine economy. They also represent two schools of thought in CGE modeling: the well defined neoclassical, Walrasian, general equilibrium school where the market-clearing variable is the price, and the non-Walrasian or structuralist school where the market-clearing variable is quantity. Actual simulations using these models are conducted.

Suggested Citation

  • Cororaton, Caesar B., 1994. "Structural Adjustment Policy Experiments: The Use of Philippine CGE Models," Discussion Papers DP 1994-03, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_1994-03
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/structural-adjustment-policy-experiments-the-use-of-philippine-cge-models
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    References listed on IDEAS

    as
    1. Harris, Richard, 1984. "Applied General Equilibrium Analysis of Small Open Economies with Scale Economies and Imperfect Competition," American Economic Review, American Economic Association, vol. 74(5), pages 1016-1032, December.
    2. Bautista, Romeo M., 1988. "General Equilibrium Effects of Increasing Productivity in Philippine Manufacturing, with Special Reference to Food Processing," Philippine Journal of Development JPD 1988 Vol. XV No. 2-d, Philippine Institute for Development Studies.
    3. Shoven, John B & Whalley, John, 1984. "Applied General-Equilibrium Models of Taxation and International Trade: An Introduction and Survey," Journal of Economic Literature, American Economic Association, vol. 22(3), pages 1007-1051, September.
    4. Bourguignon, Francois & Branson, William H. & de Melo, Jaime, 1992. "Adjustment and income distribution : A micro-macro model for counterfactual analysis," Journal of Development Economics, Elsevier, vol. 38(1), pages 17-39, January.
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    Cited by:

    1. Cororaton, Caesar B., 2003. "Analyzing the Impact of Trade Reforms on Welfare and Income Distribution Using CGE Framework: The Case of the Philippines," Discussion Papers DP 2003-01, Philippine Institute for Development Studies.
    2. Cristela Dakila & Francisco G. Dakila Jr., 2006. "Modeling the Impact of Overseas Filipino Workers Remittances on the Philippine Economy," EcoMod2006 272100014, EcoMod.
    3. Rodriguez, U-Primo E., 2007. "State-of-the-Art in Regional Computable General Equilibrium Modelling with a Case Study of the Philippines," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 20(1).
    4. Cororaton, Caesar B. & Cockburn, John & Corong, Erwin, 2005. "Doha scenarios, trade reforms, and poverty in the Philippines," MTID discussion papers 86, International Food Policy Research Institute (IFPRI).
    5. U-Primo E. Rodriguez, 2008. "Impacts of the Free Trade Area of the Pacific (FTAAP) on Production, Consumption, and Trade of the Philippines," Development Economics Working Papers 22694, East Asian Bureau of Economic Research.
    6. Cororaton, Caesar B. & Cockburn, John & Corong, Erwin, 2005. "Doha scenarios, trade reforms, and poverty in the Philippines : a computable general equilibrium analysis," Policy Research Working Paper Series 3738, The World Bank.
    7. Caesar B. Cororaton & John Cockburn & Erwin Corong, 2005. "Doha Scenarios, Trade Reforms, and Poverty inthe Philippines: a CGE Analysis," Working Papers MPIA 2005-03, PEP-MPIA.
    8. Rodriguez, U-Primo E., 2008. "Impacts of the Free Trade Area of the Pacific (FTAAP) on Production, Consumption, and Trade of the Philippines," Discussion Papers DP 2008-20, Philippine Institute for Development Studies.

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