LATEST PUBLICATIONS
BRAc DP 2021-02
Financial Cycles and Credit Regimes in Five ASEAN Economies
RPS 2021-06
Toward an Inclusive Social Insurance Coverage in the Philippines: Examining Gender Disparities
CSP-60
Delving into the Countrys Future Outlook
WP-2017-12
A Case Study of Company Best Practices on Regularization of Workers in Contracting Arrangements

LATEST AV MATERIALS
PIDS WB 2021-0701
Challenges and Prospects of the Philippine Electric Vehicle Industry
PIDS WB 2021-0604
Senior High School Graduates' Prospects and Challenges in the Labor Market
PIDS WB 2021-0603
Improving the Land Tenure Security of Farmers and the Role of Agrarian Reform Beneficiary Organizations in Enhancing Agricultural Productivity
PIDS WB 2021-0602
Examining Philippine Regulatory Policies on Solid Waste Management
Publication Detail
DP 2019-33: JPEPA, a Decade After: Evaluating the Effects in Philippine Exports using the Synthetic Control Method

Free trade agreements (FTAs) and regional trade agreements (RTAs), as a national policy, have proliferated in the recent decades as countries perceived them to effectively reduce trade barriers--helping expand market access, protect local markets, and enhance efficiency and productivity of domestic industries. Such preferential trade agreements, however, can have advantages or disadvantages. The Japan-Philippines Economic Partnership Agreement, which is the first and only FTA of the Philippines, was entered into in order to facilitate and promote free transborder flow of goods, services, capital, and people between the two countries. Whether it was able to deliver its intended benefits and what determined its success are two focal national interests. Evaluating such agreement can be done through detailed examinations of economic conditions before and after the implementation. This requires a comparison group whose outcomes can be contrasted with the outcome of the agreement to separate the effects that are attributable to this agreement from the effects of other factors. This, however, is a rigorous and difficult task and existing approaches fall short in providing sufficient measures. This paper explores the use of Synthetic control method (SCM) to understand the effects of JPEPA on Philippine exports without being hampered by the limitations in existing approaches. The results generally reveal that Philippine exports benefited from the agreement as determined by the difference in the actual exports and the counterfactual exports. Investigating the effects at the sector-level, however, yield varying results.

Philippine Institute for Development Studies
Authors Keywords
Barral, Mark Anthony A; Quimba, Francis Mark A. ; FTA; free trade agreement; trade in goods; Japan-Philippines Economic Cooperation; JPEPA; Synthetic Control Method; SCM; bilateral trade agreement;
Download PDF Number of Downloads
Published in 2019 and available for Downloaded 46,566 times since December 26, 2019
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.