Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/187322 
Authors: 
Year of Publication: 
1997
Series/Report no.: 
PIDS Discussion Paper Series No. 1997-03
Publisher: 
Philippine Institute for Development Studies (PIDS), Makati City
Abstract: 
Using the interplay of saving, foreign exchange and fiscal constraints, this study determines the impact of trade liberalization, the tariff reduction in particular, on macroeconomic balances. This study then quantifies these effects using a smaller version of the PIDS Annual Macro econometric Model. Results indicate the importance of exchange rate and tax policies.
Subjects: 
savings gap
foreign exchange gap
fiscal gap
Document Type: 
Working Paper

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