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Trade Reforms, Income Distribution and Welfare: The Philippine Case

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  • Cororaton, Caesar B.

Abstract

In the past one and a half decades, the Philippine government pursued major economic policy reforms. One of the key focused areas is the trade sector. Policy reforms included tariff reduction, simplification of tariff structure, and tariffication of quantitative restrictions. While some of the reforms were pursued unilaterally, others were done under various multilateral agreements such as the World Trade Organization (WTO), and regional agreements under the Association of Southeast Asian Nations (ASEAN) such as the ASEAN Free Trade Area (AFTA). This paper aims to analyze the effects of the trade reforms, particularly tariff policies, on income distribution and welfare. The paper employs a computable general equilibrium (CGE) model calibrated to Philippine data in the analysis.

Suggested Citation

  • Cororaton, Caesar B., 2003. "Trade Reforms, Income Distribution and Welfare: The Philippine Case," Research Paper Series RPS 2002-03, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:rpseri:rps_2002-03
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    File URL: https://www.pids.gov.ph/publication/research-paper-series/trade-reforms-income-distribution-and-welfare-the-philippine-case
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    Cited by:

    1. Cororaton, Caesar B., 2003. "Analysis of Trade Reforms, Income Inequality and Poverty Using Microsimulation Approach: The Case of the Philippines," Discussion Papers DP 2003-09, Philippine Institute for Development Studies.
    2. Cororaton, Caesar B. & Cockburn, John, 2007. "Trade reform and poverty--Lessons from the Philippines: A CGE-microsimulation analysis," Journal of Policy Modeling, Elsevier, vol. 29(1), pages 141-163.

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