An Evaluation of the Home Consumption Value System
JPD 1993 Vol. XX No. 2-a
1993
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The Philippines has been one among the few that still adheres to the home consumption valuation (HCV), a system that, according to many importers, results to overvaluation. This article assesses the validity of the claim through analysis of HCV’s impact on the level of protection structure. It also estimates the revenue effects of a change in valuation basis.
