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...

The paper looks into the S&T/R&D-MNAAP by examining whether the strategies, programs and activities set are able to address the real issues surrounding the S&T sector. The paper discusses the major insights drawn from the recent study conducted by PIDS on R&D and compares these with the programs...

Recently, one of the most highly controversial reforms implemented in the Philippines is the trade reform program. It includes tarrification of quantitative restrictions, the simplification of tariff rates structure and the reduction in the tariff protection. This paper discusses the effects of...

As suggested by vast literature, the Philippine economy has performed poorly over the last three decades due to deterioration in productivity. This paper provides an updated productivity estimates for the manufacturing industries over the period 1956-1992. This paper decomposes this industry...

Accounting for the 1988-1992 trade reforms undertaken by the government, this paper simulates its economic effects in nominal tariff rates and implicit tariff rates using the APEX model/computable general equilibrium model of the Philippine economy