This paper investigates the Philippine government's price stabilization policy for rice. Seemingly unrelated regressions are used to examine the effectiveness of the program at regional and national levels over a 21-year period (January 1983 to December 2003). Results of the regional analysis...

Using a political economy perspective, this paper establishes the strong relationship between rice and politics and explains recent developments in the Philippine rice landscape. Results of the analysis show that the price of rice has been a significant determinant in election results since the...

This study examines the performance of the National Food Authority (NFA) with respect to its function of price stability and implications for public finances, and recommends policy reforms where warranted. It finds that NFA has been unsuccessful in stabilizing producer prices, but relatively...