Volume 27, Number 1

Effect of Trade Liberalization in the Short-Grain Japonica Rice Market: A Spatial-Temporal Equilibrium analysis

Abstract

Serious attention has always been bestowed on the stability of food markets. The government has acted on these issues through intervention on food prices that more or less creates distortion. These have been observed on U.S. and Japan. This paper develops a spatial-temporal equilibrium model for short-grain japonica trade and simulates policy alternatives for free trade and improved trade. It then discusses the results and its implications on the Philippine economy.

Citations

  1. Mariano, M.J., J.A. Giesecke, and N.H. Tran. 2014. The effects of domestic rice market interventions outside business-as-usual conditions for imported rice prices. Centre of Policy Studies/IMPACT Centre Working Papers g-245. Victoria University, Centre of Policy Studies/IMPACT Centre.
  2. Balié, Jean and Harold Glenn Valera. 2020. Domestic and international impacts of the rice trade policy reform in the Philippines. Food Policy, 92(C). Elsevier.
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The Philippine Journal of Development (PJD) is a multidisciplinary, peer-reviewed journal published biannually by the Philippine Institute for Development Studies (PIDS). It serves as a platform for disseminating policy-oriented research on development issues, including the economy, business, public administration, foreign relations, sociology, and political dynamics. 

P-ISSN 2508-0954 • E-ISSN 2508-0849 • https://doi.org/10.62986/pjd