The Green Revolution in a macroeconomic perspective: the Philippine case

Romeo M. Bautista

No 4, TMD discussion papers from International Food Policy Research Institute (IFPRI)

Abstract: This paper analyzes the income and equity effects of the dramatic growth in rice yield in the Philippines during the "green revolution" period 1965-1980 using a modified Social Accounting Matrix (SAM) framework. Proportionately larger income benefits are found to accrue to the large-farm than the small-farm households, indicating a negative equity effect under the historical policy regime and economic structure. The results of counterfactual simulation involving a more active promotion of small-farm production point to a complementarity, rather than a tradeoff, between the twin objectives of growth and equity.

Keywords: Green Revolution Philippines.; Social accounting Mathematical models.; Farm income Philippines.; Rice production Philippines. (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:fpr:tmddps:4

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