Agricultural Price Distortions, Poverty, and Inequality in the Philippines

This paper analyzes the poverty and inequality implications of removing agricultural and non-agricultural price distortions in the domestic market of the Philippines and abroad. Liberalization in the rest of the world is poverty and inequality redu...

Full description

Bibliographic Details
Main Authors:	Cororaton, Caesar B, Corong, Erwin, Cockburn, John
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	AGRICULTURAL COMMODITIES AGRICULTURAL INCENTIVES AGRICULTURAL OUTPUT AGRICULTURAL PRICE AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL SERVICES AGRICULTURAL TRADE AGRICULTURAL TRADE LIBERALIZATION AGRICULTURE ANIMAL FEED APPAREL APPLIED TARIFF BEEF BEVERAGES BORDER PRICE CAPITAL INCREASE CAPITAL RETURNS CEREALS COMMODITIES COMMODITY COMMODITY PRICES COMPETITIVENESS CONSTANT ELASTICITY OF SUBSTITUTION CONSUMER GOODS CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICE INDICES CONSUMER PRICES CONSUMERS CORN CORN MILLING CURRENCY DAIRY DEMAND DECLINES DEMAND ELASTICITY DEMAND FOR GOODS DEMOGRAPHIC DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT AGENCY DEVELOPMENT STRATEGY DISPOSABLE INCOME DIVIDENDS DOMESTIC DEMAND DOMESTIC DISTORTIONS DOMESTIC ECONOMY DOMESTIC INDUSTRIES DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES DOMESTIC PRODUCERS DOMESTIC PRODUCTION ECONOMIC DISTORTIONS ECONOMIC POLICY ELASTICITY ELASTICITY OF SUBSTITUTION ELASTICITY PARAMETERS EXCHANGE RATE EXOGENOUS SHOCKS EXPENDITURE EXPORT INTENSITY EXPORT MARKET EXPORT PRICE EXPORT PRICES EXPORT PROCESSING EXPORT PROCESSING ZONES EXPORT SECTORS EXPORT SUBSIDIES EXPORT TAXES EXPORT VOLUMES EXPORTS FACTOR PRICES FACTORS OF PRODUCTION FINAL GOODS FINISHED PRODUCTS FISH PROCESSING FOOD CONSUMPTION FOOD POLICIES FOOD POLICY FOOD POLICY RESEARCH FOOD PROCESSING FOOD PROCESSORS FOREIGN EXCHANGE FRUIT FRUITS FULL TRADE LIBERALIZATION GDP GINI COEFFICIENT GLOBAL TRADE GLOBAL TRADE ANALYSIS GOVERNMENT INTERVENTION GRAINS GROSS DOMESTIC PRODUCT IFPRI IMPORT CONTROLS IMPORT PRICES INCOME INCOME GROUP INCOME GROUPS INCOME TAX INCOMES INDUSTRIAL SECTOR INFORMATION TECHNOLOGY INTERMEDIATE GOODS INTERMEDIATE INPUTS INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT POLICIES LABOR MARKET LIBERALIZATIONS LOCAL CURRENCY LOW TARIFFS MARKET ACCESS MARKET CONDITIONS MARKET LIBERALIZATION MARKET SUPPLY MEAT MEAT PROCESSING MILLING INDUSTRY MULTILATERAL AGENCIES NOMINAL INCOME OILS AND FATS OUTPUT RATIO PADDY POLITICAL ECONOMY PORK PRICE CHANGE PRICE DISTORTIONS PRICE VARIATIONS PRICING POLICY PROCESSED FOODS PRODUCTION FUNCTION PRODUCTION STRUCTURE PRODUCTIVITY GROWTH REAL EXCHANGE RATE REAL GDP REAL INCOME REFINING REFORM PROGRAM REFORM PROGRAMS REGIONAL INTEGRATION RUBBER SALES SAVINGS SHEEP MEAT SKILLED WORKERS SUGAR SUGAR CANE TARIFF BARRIERS TARIFF PROTECTION TARIFF RATE TARIFF RATES TARIFF REVENUES TAX TAX RATE TRADE LIBERALIZATION TRADE LIBERALIZATION EFFORTS TRADE LIBERALIZATION PROCESS TRADE POLICIES TRADE POLICY TRADE PROTECTION TRADE REFORM TRADE REFORM PROGRAMS TRADE REFORMS TRADE STRUCTURE TRADING SYSTEM UNEMPLOYMENT UNILATERAL LIBERALIZATION UNILATERAL TRADE UNILATERAL TRADE LIBERALIZATION UNSKILLED LABOR UNSKILLED WORKERS VALUATION VALUE ADDED VEGETABLE OILS VEGETABLES WAGE RATES WAGES WELFARE GAINS WHOLESALE TRADE WORLD PRICES WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/278231468094771397/Agricultural-price-distortions-poverty-and-inequality-in-the-Philippines http://hdl.handle.net/10986/28178

Description
Summary:	This paper analyzes the poverty and inequality implications of removing agricultural and non-agricultural price distortions in the domestic market of the Philippines and abroad. Liberalization in the rest of the world is poverty and inequality reducing, whereas full domestic liberalization increases national poverty and inequality. Poverty declines while inequality increases marginally in the combined scenario of both global and domestic agriculture reform. Although the reduction in the national poverty headcount is small in the latter scenario, the poorest of the poor, particularly those living in the rural areas, emerge as 'winners', given their strong reliance on agricultural production and unskilled labor wages.

Agricultural Price Distortions, Poverty, and Inequality in the Philippines

Similar Items