This paper presents a general equilibrium approach to calculating labour adjustment costs induced by trade policy changes or external sector shocks, which we illustrate by analyzing the adjustment consequences of eliminating quotas and tariffs on U.S. imports. In our approach, factor adjustments...

This paper examines the Philippine experience with trade liberalization policies and their impact on the economy. Although the relationship between trade liberalization and poverty is not straightforward, empirical evidence suggests that there are beneficial effects of freer trade on the poor in...

This paper provides estimates of trade costs of the Philippines with her key trading partners, and develops a framework for assessing their welfare cost. With tariff restrictions reduced significantly following several rounds of multilateral and regional trade negotiations, non-tariff barriers...

The ASEAN Economic Community (AEC) transforms the ASEAN region into a single market and production base by 2015. This promotes greater competition for the Philippine agriculture and fisheries (A and F) sectors. With the country`s A and F sector lagging behind its neighboring ASEAN countries,...

This paper presents a general equilibrium approach to calculating labour adjustment costs induced by trade policy changes or external sector shocks, which we illustrate by analyzing the adjustment consequences of eliminating quotas and tariffs on U.S. imports. In our approach, factor adjustments...