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Simulating the Effects of GATT-UR/WTO on the Philippine Economy

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  • Cororaton, Caesar B.

Abstract

The GATT/WTO may affect the Philippine economy in three ways: through changes in tariff structure resulting from the country’s commitment in the Uruguay Round, through the expansion of world trade as developed and less developed countries adjust their protection structures and through the changes in the prices of tradable goods as both DCs and LDCs realign their trade and nontrade barriers. This paper simulates the possible effects of these developments in the local economy. In particular, this paper aims to determine whether the impact is favorable at the macroeconomic level and whether it is progressive in terms of income distribution. To simulate the impact of these changes, a computable general equilibrium model of the Philippine economy called the APEX model is utilized.

Suggested Citation

  • Cororaton, Caesar B., 1997. "Simulating the Effects of GATT-UR/WTO on the Philippine Economy," Philippine Journal of Development JPD 1997 Vol. XXIV No.2-a, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:pjdevt:jpd_1997_vol__xxiv_no_2-a
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    References listed on IDEAS

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    1. Cororaton, Caesar B. & Endriga, Benjamin & Ornedo, Derrick & Chua, Consolacion, 1995. "Total Factor Productivity of Philippine Manufacturing Industries," Philippine Journal of Development JPD 1995 Vol. XXII No. 2-, Philippine Institute for Development Studies.
    2. Cororaton, Caesar B. & Endriga, Benjamin & Ornedo, Derrick & Chua, Consolacion, 1995. "Estimation of Total Factor Productivity of Philippine Manufacturing Industries: The Estimates," Discussion Papers DP 1995-32, Philippine Institute for Development Studies.
    3. David, Cristina C., 1994. "GATT-UR and Philippine Agriculture: Facts and Fallacies," Philippine Journal of Development JPD 1994 Vol. XXI Nos. 1&, Philippine Institute for Development Studies.
    4. repec:phd:pjdevt:jpd_1994_vol._xxi_nos._1&2-e is not listed on IDEAS
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    Cited by:

    1. Aldaba, Fernando T., 2002. "Philippine Development: A Research Journey Through the Philippine Journal of Development," Philippine Journal of Development PJD 2002 Vol. XXIX No. 2-, Philippine Institute for Development Studies.

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