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...

While the textile industry has been performing below par due to various factors, the garment industry has exhibited contrast despite weak support from other industries. Analysis shows that some of the sub-industries in the textile industry are technically inefficient but its output can be...

The Philippine economy has manifested signs of recovery due to various factors such as political and economic stabilization. Hence, inflows are expected to continue in the future. While these capital flows are positive developments, it carries with it adverse impacts on the real sector of the...

This paper puts together the key results and insights of various papers written under the project “Study on Public and Private Expenditure on Research and Development (R&D)”. It devotes a section that deals with the problem in the present context. In addition, it provides statistical...

Major exchange rate adjustments have been seriously resisted by various groups due to their association of its occurrence during periods of severe economic crisis. Hence, exchange rate policy has not been utilized as part of development strategy but as a reactionary tool during periods of...

The paper analyzes the possible effects of tariff reduction in the 1990s on unemployment, household income and household welfare using a computable general equilibrium model calibrated to the 1994 social accounting matrix. The series of simulation experiments indicate that tariff reduction is...

While adjustment policies are necessary to realign the economy in the right track, it entails a number of adverse impacts, especially on the poor and vulnerable groups. This paper reviews the Philippine growth performance, its economic structure and the reforms it has implemented. This also...

The Philippine economic growth has been highly unstable in the last 20 years. From an erratic pattern, it has recovered in the early 1990’s. Whether this growth momentum is sustainable especially in the light of the recent financial crisis depends heavily on the strengthening of factors deemed...

This paper uses a CGE mircosimulation approach to analyze the effects of tariff reduction on poverty and income inequality. The approach relaxes the representative household assumption in the traditional CGE modeling by replacing household groups with individual households. As such the approach...

Using a computable general equilibrium model of the Philippine economy, it is observed that the impact of an oil price change is negative. It is negative not only in terms of economic growth, but also in terms of income inequality and welfare. Can the effect be lessened? The paper argues that...