Trade and exchange rate impacts on the Philippine fisheries sector
1999
Alviola, P.A. IV (Philippines Univ. Diliman, Diliman, Quezon City (Philippines). School of Economics)
Empirical results generated by both KSV [Krueger, Schiff and Valdez, 1988] and modified KSV showed that the Philippines had used a wide variety of intervention policies. Among these are trade, subsidies, incentives, investment and infrastructure policies. Similarly, the exchange rate and overall protection system had also been identified as equally distorting policies. Because of these interventions, sectoral impact estimates in both approaches demonstrated that all the remaining fish commodities were penalized except for tilapia and canned tuna. Due to the exchange rate distortion, the penalty exhibited in tuna, mackerel, milkfish, shrimps and prawns was exacerbated. This has also reduced the protection levels for tilapia and canned tuna. On the other hand, interaction results in the modified KSV version showed that tuna, mackerel, milkfish, shrimps and prawn commodities displayed the Case 2 scenario while tilapia and canned tuna exhibited the Case 3 scenario
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