Income and equity effects of crop productivity growth under alternative foreign trade regimes: a CGE analysis for the Philippines
Does a restrictive foreign trade regime reduce the effectiveness of agricultural productivity growth in promoting overall income growth and equity? Based on counterfactual simulations using a multi-sector, computable general equilibrium (CGE) model of the Philippine economy, this paper investigates...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
1997
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| Online Access: | https://hdl.handle.net/10568/171610 |
| _version_ | 1855514662565576704 |
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| author | Bautista, Romeo M. Robinson, Sherman |
| author_browse | Bautista, Romeo M. Robinson, Sherman |
| author_facet | Bautista, Romeo M. Robinson, Sherman |
| author_sort | Bautista, Romeo M. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Does a restrictive foreign trade regime reduce the effectiveness of agricultural productivity growth in promoting overall income growth and equity? Based on counterfactual simulations using a multi-sector, computable general equilibrium (CGE) model of the Philippine economy, this paper investigates quantitatively the economywide income and equity effects of crop productivity growh during the "green revolution period" 1965-80 under alternative trade policies. The results indicate an inequitable distribution of household income gains under the historical, highly restrictive, trade regime. Trade liberalization is found to favor rural over urban households; small-farm households are the biggest gainers among the five household groups, while Metro Manila households are the biggest losers. Such positive redistributive impact is larger the greater is the extent of trade liberalization. The effect on gross domestic product is also significantly positive, so that the movement towards an open trade regime does not involve a tradeoff between the twin objectives of growth and equity. |
| format | Journal Article |
| id | CGSpace171610 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1997 |
| publishDateRange | 1997 |
| publishDateSort | 1997 |
| record_format | dspace |
| spelling | CGSpace1716102025-02-19T14:00:04Z Income and equity effects of crop productivity growth under alternative foreign trade regimes: a CGE analysis for the Philippines Bautista, Romeo M. Robinson, Sherman economic situation crops income trade mathematical models computable general equilibrium models Does a restrictive foreign trade regime reduce the effectiveness of agricultural productivity growth in promoting overall income growth and equity? Based on counterfactual simulations using a multi-sector, computable general equilibrium (CGE) model of the Philippine economy, this paper investigates quantitatively the economywide income and equity effects of crop productivity growh during the "green revolution period" 1965-80 under alternative trade policies. The results indicate an inequitable distribution of household income gains under the historical, highly restrictive, trade regime. Trade liberalization is found to favor rural over urban households; small-farm households are the biggest gainers among the five household groups, while Metro Manila households are the biggest losers. Such positive redistributive impact is larger the greater is the extent of trade liberalization. The effect on gross domestic product is also significantly positive, so that the movement towards an open trade regime does not involve a tradeoff between the twin objectives of growth and equity. 1997 2025-01-29T12:58:26Z 2025-01-29T12:58:26Z Journal Article https://hdl.handle.net/10568/171610 en Limited Access Bautista, Romeo M.; Robinson, Sherman. 1997. Income and equity effects of crop productivity growth under alternative foreign trade regimes: a CGE analysis for the Philippines. Asian Journal of Agricultural Economics 2(2): 177-194. |
| spellingShingle | economic situation crops income trade mathematical models computable general equilibrium models Bautista, Romeo M. Robinson, Sherman Income and equity effects of crop productivity growth under alternative foreign trade regimes: a CGE analysis for the Philippines |
| title | Income and equity effects of crop productivity growth under alternative foreign trade regimes: a CGE analysis for the Philippines |
| title_full | Income and equity effects of crop productivity growth under alternative foreign trade regimes: a CGE analysis for the Philippines |
| title_fullStr | Income and equity effects of crop productivity growth under alternative foreign trade regimes: a CGE analysis for the Philippines |
| title_full_unstemmed | Income and equity effects of crop productivity growth under alternative foreign trade regimes: a CGE analysis for the Philippines |
| title_short | Income and equity effects of crop productivity growth under alternative foreign trade regimes: a CGE analysis for the Philippines |
| title_sort | income and equity effects of crop productivity growth under alternative foreign trade regimes a cge analysis for the philippines |
| topic | economic situation crops income trade mathematical models computable general equilibrium models |
| url | https://hdl.handle.net/10568/171610 |
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