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Philippine Tariff Reforms: A CGE Analysis

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  • Cororaton, Caesar B.

Abstract

The Philippines undergoes a tariff reform program. After more than a decade of implementation, significant achievements have been attained in terms of changes in the tariff structure. For example, quantitative restrictions on important commodities have been tariffied. The tariff structure has been simplified from a multi-layered one into a structure with fewer tariff rates. Furthermore, tariff rates have been substantially reduced. The objective of the paper is to analyze the effects of the tariff reform program using a computable general equilibrium model calibrated using Philippine data. The primary focus is on the change in the tariff structure and its impact on efficiency, resource movements, income distribution, and welfare.

Suggested Citation

  • Cororaton, Caesar B., 2000. "Philippine Tariff Reforms: A CGE Analysis," Discussion Papers DP 2000-35, Philippine Institute for Development Studies.
  • Handle: RePEc:phd:dpaper:dp_2000-35
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    References listed on IDEAS

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    1. V. V. Chari & Patrick J. Kehoe, 1999. "Asking the right questions about the IMF," Annual Report, Federal Reserve Bank of Minneapolis, pages 3-26.
    2. Andrew K. Rose, 1999. "Is there a case for an Asian Monetary Fund?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue dec17.
    3. C. Fred Bergsten, 2000. "The New Asian Challenge," Working Paper Series WP00-4, Peterson Institute for International Economics.
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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. David, Cristina C. & Intal, Ponciano & Balisacan, Arsenio M., 2007. "Distortions to Agricultural Incentives in the Philippines," Agricultural Distortions Working Paper 48477, World Bank.
    3. Cororaton, Caesar B., 2006. "Analyzing the Impact of Trade Reforms on Welfare and Income Distribution Using a CGE Framework: the Case of the Philippines," Philippine Journal of Development PJD 2004 Vol. XXXI No. 1-, Philippine Institute for Development Studies.
    4. Cororaton, Caesar B., 2003. "Analyzing the Impact of Philippine Tariff Reform on Unemployment, Distribution and Poverty Using CGE-Microsimulation Approach," Discussion Papers DP 2003-15, Philippine Institute for Development Studies.

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    Keywords

    economic/development modelling; tariff;

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