This study aims to evaluate the effects of the Trade Reform Program on the performance and competitiveness of the Philippine agricultural machinery industry. It also attempts to identify non-price factors that may impinge on the industry’s competitiveness and efficiency. Findings have revealed...

This article is a review attempting to provide the background for a more detailed and rigorous examination, both theoretical and empirical, of the agrarian reform and interlinking issues. It deals largely on market interlinking and credit services, land market and credit interlocking. A welfare...

To evaluate the effectiveness of approaches to improve policies toward the development of small and medium enterprises, this article assesses the efficiency of directed credit programs and the impact of a liberalized design of a specific project.

This article analyzes how a credit guarantee confers private benefits to creditors and proposes reform policies and related assessment measures in order to make credit guarantee a socially beneficial intermediation instrument. Analysis indicates that the necessary and sufficient conditions for...

One of the issues contending the rural borrowers, who are composed of small entrepreneurs, fishermen and farmers, is the access to financial services of formal financial institutions. With this fact on hand, this article discusses the issue within the framework of asymmetry of information...

This article is part of the seminar-workshop on the “Consequences of Small Farm Mechanization on Production, Employment and Incomes in the Philippines” sponsored jointly by the Ministry of Agriculture, the National Economic and Development Authority, the Philippine Institute for Development...

Despite deregulation of the financial markets such as liberalization of foreign bank entry and branching, the government continues to directly intervene in the credit markets through several special credit programs. In the effort to restructure the economy, the government has availed the...

Utilizing time-wise autoregressive model to investigate the perception of the international community on the Philippines, which has suffered from debt crisis in 1982, indicates that banker’s creditworthiness assessments are sensitive not only from liquidity and solvency but also from long-term...

The formal credit market has rationed out small-scale farmers due to asymmetry of information. Hence, interlinking of markets is observed. In this arrangement, traders become lenders to farmers due to informational advantages acquired through the years of transactions with each other. This...

Credit is important because economic agents in the agriculture sector who are constrained by liquidity problems may produce sub-optimal outputs. This paper reviews the past and present Philippine agricultural credit and banking policies. It identifies the principal issues in rural credit markets...