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| Author: | Roumasset, J. A. |
| Title: | The relative welfare cost of industrial and agricultural policy distortions. A Philippine illustration |
| Journal: | Oxford Economic Papers
1990 : APR, VOL. 42:2, p. 462-470 |
| Index terms: | INDUSTRIAL POLICY AGRICULTURE POLICY PHILIPPINES WELFARE PRICES TAXATION |
| Language: | eng |
| Abstract: | The respective welfare costs of agricultural and industrial protection policies are compared using an applied general equilibrium model of the Philippine economy. The general model of a small open economy is modified to evaluate the impacts of trade restrictions and agricultural price distortions including price controls, production taxes, and parastatals. Philippine industrial and agricultural protection policies, and the steps taken in calibrating the model with Philippine economic data are discussed. The welfare cost of industrial policies dominates agricultural price distortions in the Philippines. |
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