Agricultural Price Distortions, Poverty, and Inequality in the Philippines

This paper analyzes the poverty and inequality implications of removing agricultural and non-agricultural price distortions in the domestic market of the Philippines and abroad. Liberalization in the rest of the world is poverty and inequality reducing, whereas full domestic liberalization increases national poverty and inequality. Poverty declines while inequality increases marginally in the combined scenario of both global and domestic agriculture reform. Although the reduction in the national poverty headcount is small in the latter scenario, the poorest of the poor, particularly those living in the rural areas, emerge as 'winners', given their strong reliance on agricultural production and unskilled labor wages.

Bibliographic Details

Main Authors:	Cororaton, Caesar B, Corong, Erwin, Cockburn, John
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2009-06
Subjects:	AGRICULTURAL COMMODITIES, AGRICULTURAL INCENTIVES, AGRICULTURAL OUTPUT, AGRICULTURAL PRICE, AGRICULTURAL PRODUCTION, AGRICULTURAL PRODUCTS, AGRICULTURAL SERVICES, AGRICULTURAL TRADE, AGRICULTURAL TRADE LIBERALIZATION, AGRICULTURE, ANIMAL FEED, APPAREL, APPLIED TARIFF, BEEF, BEVERAGES, BORDER PRICE, CAPITAL INCREASE, CAPITAL RETURNS, CEREALS, COMMODITIES, COMMODITY, COMMODITY PRICES, COMPETITIVENESS, CONSTANT ELASTICITY OF SUBSTITUTION, CONSUMER GOODS, CONSUMER PRICE, CONSUMER PRICE INDEX, CONSUMER PRICE INDICES, CONSUMER PRICES, CONSUMERS, CORN, CORN MILLING, CURRENCY, DAIRY, DEMAND DECLINES, DEMAND ELASTICITY, DEMAND FOR GOODS, DEMOGRAPHIC, DEVALUATION, DEVELOPING COUNTRIES, DEVELOPMENT AGENCY, DEVELOPMENT STRATEGY, DISPOSABLE INCOME, DIVIDENDS, DOMESTIC DEMAND, DOMESTIC DISTORTIONS, DOMESTIC ECONOMY, DOMESTIC INDUSTRIES, DOMESTIC MARKET, DOMESTIC MARKETS, DOMESTIC PRICE, DOMESTIC PRICES, DOMESTIC PRODUCERS, DOMESTIC PRODUCTION, ECONOMIC DISTORTIONS, ECONOMIC POLICY, ELASTICITY, ELASTICITY OF SUBSTITUTION, ELASTICITY PARAMETERS, EXCHANGE RATE, EXOGENOUS SHOCKS, EXPENDITURE, EXPORT INTENSITY, EXPORT MARKET, EXPORT PRICE, EXPORT PRICES, EXPORT PROCESSING, EXPORT PROCESSING ZONES, EXPORT SECTORS, EXPORT SUBSIDIES, EXPORT TAXES, EXPORT VOLUMES, EXPORTS, FACTOR PRICES, FACTORS OF PRODUCTION, FINAL GOODS, FINISHED PRODUCTS, FISH PROCESSING, FOOD CONSUMPTION, FOOD POLICIES, FOOD POLICY, FOOD POLICY RESEARCH, FOOD PROCESSING, FOOD PROCESSORS, FOREIGN EXCHANGE, FRUIT, FRUITS, FULL TRADE LIBERALIZATION, GDP, GINI COEFFICIENT, GLOBAL TRADE, GLOBAL TRADE ANALYSIS, GOVERNMENT INTERVENTION, GRAINS, GROSS DOMESTIC PRODUCT, IFPRI, IMPORT CONTROLS, IMPORT PRICES, INCOME, INCOME GROUP, INCOME GROUPS, INCOME TAX, INCOMES, INDUSTRIAL SECTOR, INFORMATION TECHNOLOGY, INTERMEDIATE GOODS, INTERMEDIATE INPUTS, INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE, INTERNATIONAL MARKET, INTERNATIONAL MARKETS, INTERNATIONAL TRADE, INVESTMENT POLICIES, LABOR MARKET, LIBERALIZATIONS, LOCAL CURRENCY, LOW TARIFFS, MARKET ACCESS, MARKET CONDITIONS, MARKET LIBERALIZATION, MARKET SUPPLY, MEAT, MEAT PROCESSING, MILLING INDUSTRY, MULTILATERAL AGENCIES, NOMINAL INCOME, OILS AND FATS, OUTPUT RATIO, PADDY, POLITICAL ECONOMY, PORK, PRICE CHANGE, PRICE DISTORTIONS, PRICE VARIATIONS, PRICING POLICY, PROCESSED FOODS, PRODUCTION FUNCTION, PRODUCTION STRUCTURE, PRODUCTIVITY GROWTH, REAL EXCHANGE RATE, REAL GDP, REAL INCOME, REFINING, REFORM PROGRAM, REFORM PROGRAMS, REGIONAL INTEGRATION, RUBBER, SALES, SAVINGS, SHEEP MEAT, SKILLED WORKERS, SUGAR, SUGAR CANE, TARIFF BARRIERS, TARIFF PROTECTION, TARIFF RATE, TARIFF RATES, TARIFF REVENUES, TAX, TAX RATE, TRADE LIBERALIZATION, TRADE LIBERALIZATION EFFORTS, TRADE LIBERALIZATION PROCESS, TRADE POLICIES, TRADE POLICY, TRADE PROTECTION, TRADE REFORM, TRADE REFORM PROGRAMS, TRADE REFORMS, TRADE STRUCTURE, TRADING SYSTEM, UNEMPLOYMENT, UNILATERAL LIBERALIZATION, UNILATERAL TRADE, UNILATERAL TRADE LIBERALIZATION, UNSKILLED LABOR, UNSKILLED WORKERS, VALUATION, VALUE ADDED, VEGETABLE OILS, VEGETABLES, WAGE RATES, WAGES, WELFARE GAINS, WHOLESALE TRADE, WORLD PRICES, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO,
Online Access:	http://documents.worldbank.org/curated/en/278231468094771397/Agricultural-price-distortions-poverty-and-inequality-in-the-Philippines https://hdl.handle.net/10986/28178
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