Export markets for Philippine diversified agriculture and labor-intensive industries
1986
Tecson, G.R. (Philippines Univ., Diliman, Quezon City (Philippines). School of Economics)
The paper examines the prospects for export expansion of the country's diversified agriculture and labor-intensive industries. Initially, it establishes the Philippines' assumed competitiveness in these products by ranking them according to the normalized values of their net exports. An examination of the trend in import demand for such products in the country's major trading partners showed consistently high growth in specific agro-based and labor-intensive commodities. The examination also revealed bright prospects for certain other products to these categories where the country could be competitive but which are not yet being exported in any significant amount. Moreover the import demand for the commodities under study appeared to be generally income elastic, especially the labor-intensive ones. Given these income elasticity estimates, per capita import values for these products were projected for the years 1990 and 2000 for each of the trading partners considered, using high and low projected growth rates of per capita income.
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