Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/241032 
Year of Publication: 
2020
Series/Report no.: 
PIDS Discussion Paper Series No. 2020-43
Publisher: 
Philippine Institute for Development Studies (PIDS), Quezon City
Abstract: 
Tariffication of quantitative restrictions on rice imports was a key policy reform of the Duterte administration. This study reviews recent trends in the rice market, and assesses the poverty and distributional effects of rice tariffication using a computable general equilibrium model with microsimulation. Owing to the price difference between domestic prices in Philippines and exporting countries, imports of rice have surged under tariffication. As a result, domestic prices have fallen, though gross marketing margins have increased, amplifying the effect of the drop in retail prices on both wholesale prices and palay prices. The price and associated economic adjustments are expected to cause an increase in income poverty as conventionally measured. However, the increases are rather small, and would diminish over time. The value of the income loss suffered by the poor is far below what the amount provided by law to address problems in the rice economy with tariffication.
Subjects: 
Computable general equilibrium
microsimulation
trade liberalization
poverty
income distribution
Document Type: 
Working Paper

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