The Effectiveness of Export Promotion Policies in a General Equilibrium Framework: The Case of the Philippines
JPD 1995 Vol. XXII No. 2-d
1995
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This study examines the general equilibrium effects of different export promotion policies on imports and production of importables and exportables. Unlike other studies, land as a factor input in the production function has been included. Thus, this article develops a three-factor production function where value-added depends upon the use of labor, capital and land.