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Trade, exchange rate, and agricultural pricing policies in the Philippines, Volume 1
Author:Intal, Ponciano S.; Power, John H; Country:Philippines;
Date Stored:2002/09/12Document Date:1990/03/31
Document Type:PublicationSubTopics:Environmental Economics & Policies; Crops and Crop Management Systems; Economic Theory & Research; Agricultural Research; Agricultural Knowledge and Information Systems
ISBN:ISBN 0-8213-1496-3Language:English
Major Sector:Agriculture, fishing, and forestryRegion:East Asia and Pacific
Report Number:8485Sub Sectors:(Historic)Other agriculture
Collection Title:World Bank comparative studies -- the political economy of agricultural pricing policyVolume No:1

Summary: This study concentrates on measuring and analyzing the effects of trade and agricultural pricing policies on the agricultural sector up until 1985, with particular attention to rice and corn, the main food grains, and sugar and coconuts, the chief export crops. Among the principal findings of the study is that the various types of direct and indirect price intervention resulted in substantial reductions in sugar and coconut production, a very small negative effect on rice output, and a notable increase in corn output. Another significant finding is that direct intervention by the government in the producer prices of sugar and coconuts had net negative effects that were exacerbated by indirect intervention. A characteristic of domestic politics during the period was emphasis on patron client relations and personal loyalties rather than on the economic interests of larger groups. The study also reports on the effects of agricultural price intervention on such things as food consumption, foreign exchange earnings, and income distribution.

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