Impact Assessment of National and Regional Policies Using the Philippine Regional General Equilibrium Model (PRGEM)

Roehlano Briones ()

No DP 2009-03, Discussion Papers from Philippine Institute for Development Studies

Abstract: For the Philippines, quantitative policy analysis should incorporate regional differences in welfare and economic structure, which arise partly from geographic constraints. However, existing CGE models offer limited analysis of regional effects or national impacts of region-specific interventions, owing to the absence of key regional data. This study formulates a regional CGE model that overcomes these limitations. Applications of the model yield the following results: i) completion of the tariff reform program in agriculture will contract some import-competing sectors in lagging regions, but improve welfare across all regions; ii) massive investments in marketing infrastructure promise bigger pay-offs, though with a trade-off between the size and spread of welfare gains across regions; iii) combining trade reform with marketing infrastructure investments mitigate some of the contractionary effects from the former; however the absence of welfare synergies suggest that the two sets of policies can be pursued independently.

Keywords: trade liberalization; computable general equilibrium (CGE); regional economics; agricultural development; marketing infrastructure; welfare impact (search for similar items in EconPapers)
Pages: 65
Date: 2009
New Economics Papers: this item is included in nep-cmp, nep-dev and nep-geo
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.pids.gov.ph/publication/discussion-pap ... ilibrium-model-prgem (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:phd:dpaper:dp_2009-03

Access Statistics for this paper

More papers in Discussion Papers from Philippine Institute for Development Studies Contact information at EDIRC.
Bibliographic data for series maintained by Aniceto Orbeta ().