IDEAS home Printed from https://ideas.repec.org/a/phs/prejrn/v52y2015i1p45-76.html
   My bibliography  Save this article

Impact assessment of national and regional policies using the Philippine Regional General Equilibrium model

Author

Listed:
  • Roehlano Briones

    (Philippine Institute for Development Studies)

Abstract

For the Philippines, a quantitative analysis is more useful for policy if it incorporates regional differences in welfare and economic structure. However, owing to the absence of key regional data, existing computable general equilibrium (cge) models offer limited analysis of regional effects or national impacts of region-specific interventions. This study formulates a regional cge model that overcomes these limitations. The applications of the model showed the following: (1) completion of the tariff reform program in agriculture will contract some import-competing sectors in lagging regions, but will improve welfare across all regions; (2) productivity growth in agriculture can more than offset these contractionary effects; (3) investments in marketing infrastructure promise significant pay-offs, though with a trade-off between the size and spread of welfare gains across regions; and (4) combining trade reform with marketing infrastructure investments slightly mitigates some of the contractionary effects from the former.

Suggested Citation

  • Roehlano Briones, 2015. "Impact assessment of national and regional policies using the Philippine Regional General Equilibrium model," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 51(1), pages 45-76, June.
    • Handle: RePEc:phs:prejrn:v:52:y:2015:i:1:p:45-76
    as

    Download full text from publisher

    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/916/818
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Cororaton, Caesar B. & Cockburn, John & Corong, Erwin, 2005. "Doha scenarios, trade reforms, and poverty in the Philippines: a CGE analysis," MTID discussion papers 86, International Food Policy Research Institute (IFPRI).
    2. Caesar B. Cororaton & John Cockburn, 2006. "WTO, Trade Liberalization, and Rural Poverty in the Philippines: Is Rice Special? ," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 28(3), pages 370-377.
    3. Mark Partridge & Dan Rickman, 2010. "Computable General Equilibrium (CGE) Modelling for Regional Economic Development Analysis," Regional Studies, Taylor & Francis Journals, vol. 44(10), pages 1311-1328.
    4. Yap, Josef T., 2002. "A Perspective on Macroeconomic and Economy-Wide Quantitative Models of the Philippines: 1990-2002," Discussion Papers DP 2002-09, Philippine Institute for Development Studies.
    5. repec:phd:pjdevt:jpd_1986_vol._xiii_nos._1&2-j is not listed on IDEAS
    6. Montalvo, Jose G., 2006. "Regional evolutions in labor markets in the Philippines: A dynamic approach," Journal of Asian Economics, Elsevier, vol. 17(3), pages 448-477, June.
    7. Caesar B. Cororaton & John Cockburn & Erwin Corong, 2005. "Doha Scenarios, Trade Reforms, and Poverty inthe Philippines: a CGE Analysis," Working Papers MPIA 2005-03, PEP-MPIA.
    8. Intal, Ponciano Jr. S. & Ranit, Luis Osman, 2001. "Literature Review of the Agricultural Distribution Services Sector: Performance, Efficiency and Research Issues," Discussion Papers DP 2001-14, Philippine Institute for Development Studies.
    9. Balisacan, Arsenio M. & Hill, Hal (ed.), 2003. "The Philippine Economy: Development, Policies, and Challenges," OUP Catalogue, Oxford University Press, number 9780195158984.
    10. Johannes Bröcker & Martin Schneider, 2002. "How Does Economic Development in Eastern Europe Affect Austria's Regions? A Multiregional General Equilibrium Framework," Journal of Regional Science, Wiley Blackwell, vol. 42(2), pages 257-285, May.
    11. Arsenio M. Balisacan & Hal Hill (ed.), 2007. "The Dynamics of Regional Development," Books, Edward Elgar Publishing, number 4178, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Roehlano M. Briones, 2009. "Impact Assessment of National and Regional Policies Using the Philippine Regional General Equilibrium Model," Development Economics Working Papers 22617, East Asian Bureau of Economic Research.
    2. Briones, Roehlano M., 2009. "Impact Assessment of National and Regional Policies Using the Philippine Regional General Equilibrium Model (PRGEM)," Discussion Papers DP 2009-03, Philippine Institute for Development Studies.
    3. Kyophilavong, Phouphet & Senesouphap, Chanthachonh & Yawdhacksa, Somnack, 2012. "Resource Boom, Growth and Poverty in Laos: what can we learn from other countries and policy simulations?," PEP Policy Briefs 161661, Partnership for Economic Policy (PEP).
    4. Cororaton, Caesar B. & Corong, Erwin L. & Cockburn, John, 2009. "Agricultural Price Distortions, Poverty and Inequality in the Philippines," Agricultural Distortions Working Paper Series 52790, World Bank.
    5. Briones, Roehlano M. & David, Cristina C. & Inocencio, Arlene B. & Intal, Ponciano Jr. S. & Geron, Maria Piedad S. & Ballesteros, Marife M., 2012. "Monitoring and Evaluation of Agricultural Policy Indicators," Discussion Papers DP 2012-26, Philippine Institute for Development Studies.
    6. Majah-Leah Ravago & James Roumasset, 2009. "Economic Policy for Sustainable Growth and Development vs. Greedy Growth and Preservationism," Working Papers 200909, University of Hawaii at Manoa, Department of Economics.
    7. Cagas, Marie Anne & Ducanes, Geoffrey & Magtibay-Ramos, Nedelyn & Qin, Duo & Quising, Pilipinas, 2006. "A small macroeconometric model of the Philippine economy," Economic Modelling, Elsevier, vol. 23(1), pages 45-55, January.
    8. Cororaton, Caesar B., 2006. "Philippine rice and rural poverty: an impact analysis of market reform using CGE," MTID discussion papers 96, International Food Policy Research Institute (IFPRI).
    9. Siddiqui, Rizwana, 2006. "Welfare and Poverty Implications of Global Rice and Agricultural Trade Liberalisation for Pakistan," MPRA Paper 90194, University Library of Munich, Germany, revised 2008.
    10. Michael R. Cabalfin & Josef T. Yap, 2008. "Sustainable Development Framework for Local Governance," Governance Working Papers 22619, East Asian Bureau of Economic Research.
    11. Andreas Peichl & Thilo Schaefer, 2009. "FiFoSiM - an integrated tax benefit microsimulation and CGE model for Germany," International Journal of Microsimulation, International Microsimulation Association, vol. 2(1), pages 1-15.
    12. Kenneth Reinert, 2007. "The European Union, the Doha Round, and Asia," Asia Europe Journal, Springer, vol. 5(3), pages 317-330, September.
    13. Mapa, Dennis & Albis, Manuel Leonard & Comandante, Dorcas Mae & Cura, Josephine & Ladao, Ma. Maureen, 2013. "Spatial Analysis of Income Growth in the Philippines: Evidence from Intra-Country Data (1988 to 2009)," MPRA Paper 48300, University Library of Munich, Germany.
    14. Arsenio Balisacan & Sharon Piza & Dennis Mapa & Carlos Abad Santos & Donna Odra, 2010. "The Philippine economy and poverty during the global economic crisis," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 47(1), pages 1-37, June.
    15. Jana Maria Kleibert, 2015. "Islands of globalisation: Offshore Services and the Changing Spatial Divisions of Labour," Environment and Planning A, , vol. 47(4), pages 884-902, April.
    16. Rodriguez, U-Primo E., 2007. "State-of-the-Art in Regional Computable General Equilibrium Modelling with a Case Study of the Philippines," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 20(01).
    17. U-Primo E. Rodriguez, 2008. "Impacts of the Free Trade Area of the Pacific (FTAAP) on Production, Consumption, and Trade of the Philippines," Development Economics Working Papers 22694, East Asian Bureau of Economic Research.
    18. Patalinghug, Epictetus, 2017. "Assessment of Planning and Programming for Capital Projects at the National and Agency Levels," Discussion Papers DP 2017-37, Philippine Institute for Development Studies.
    19. Shutes, Lindsay & Ganesh-Kumar, Anand & Meijerink, Gerdien W., 2012. "Fluctuating staple prices and household poverty in India," MPRA Paper 40982, University Library of Munich, Germany.
    20. John Asafu‐Adjaye & Renuka Mahadevan, 2009. "Regional Trade Agreements versus Global Trade Liberalisation: Implications for a Small Island Developing State," The World Economy, Wiley Blackwell, vol. 32(3), pages 509-529, March.

    More about this item

    Keywords

    computable general equilibrium; regional economics; agricultural development; marketing infrastructure; trade liberalization; welfare impact;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • M39 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Other
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phs:prejrn:v:52:y:2015:i:1:p:45-76. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: HR Rabe (email available below). General contact details of provider: https://edirc.repec.org/data/seupdph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.