Risk Management and Coping Strategies: Climate Change and Agriculture in the Philippines

Majah-Leah Ravago, James Roumasset and Karl Jandoc
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Karl Jandoc: University of Hawaii

No 201515, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: This paper attempts to explore the use of an OECD Multi-Dimensional Country Review (MDCR) framework in understanding the long-term development history of the Philippines. The MDCR recognizes the multiplicity of development objectives countries usually pursue and therefore the associated multiplicity of challenges and opportunities. Following a conventional dichotomy of explaining the country’s development dynamics into economic and non-economic factors, the paper reviews the historical economic record and examines more recent non-economic hypotheses. While the latter is mostly political explanations it tries to link them to economic outcomes yet it is weak in tracing the mechanisms of the linkage despite using more rigorous methodologies. The paper then proceeds with hypothesizing that the long-term (political) behavior of breaking the country into finer geographical (and political) entities has been inimical to its sustainable long-term (economic) growth. The splitting of provinces, creation of new ones, of legislating more congressional districts, and further break-up of even the lowest government levels clearly fragment markets, raise real financial and transactions costs, bloat government budgets and the bureaucracy, and add burden to the private sector environment. Partial evidence is explored showing this behavior along the country’s long-term development history and some policy directions are suggested.

Keywords: Farm-household risk management; natural disaster; shock; coping (search for similar items in EconPapers)
JEL-codes: D81 I38 Q12 Q54 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2015-11
New Economics Papers: this item is included in nep-env and nep-sea
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Citations: View citations in EconPapers (1)

Published as UPSE Discussion Paper No. 2015-15, November 2015

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http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/1485 (application/pdf)

Related works:
Working Paper: Risk Management and Coping Strategies: Climate Change and Agriculture in the Philippines (2017)
Journal Article: Risk management and coping strategies: climate change and agriculture in the Philippines (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:phs:dpaper:201515

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