DRN Vol. 39 No.3
'Reexamine SHS Programs Employment and Entrepreneurial Objectives'
Regulatory Impact Assessment Adoption Determinants: A Diagnostic Framework
Exploring Responses to the Employment Impact of Excise Tax Reform: The Case of the Philippine Tobacco Industry
Mapping Out Employment Opportunities in the Cultural Heritage Sector A Strategic Framework

PIDS WB 2021-0905
Annual Public Policy Conference Webinar 4: Robust and Healthy Workforce and Closing Program
PIDS WB 2021-0904
Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
PIDS WB 2021-0902
Opening Program and Annual Public Policy Conference Webinar 1: Resetting Capitalism
Publication Detail
RPS 1994-11: Trade Policy Reforms in the 1990s: Effects of EO 470 and the Import Liberalization Program

Even with lapses in its implementation during the 1980s, trade reform has been continuously brought to the fore of structural adjustment program. It has become increasingly crucial during the 1990s not only because of the backlash of import-substitution but also of the country’s heavy foreign debt burden. In this light, this paper assesses the short- and medium-term impact of 1990 trade reform policies using a partial equilibrium model. An in-depth analysis indicates that reforms such as EO 8 has actually reversed the benefits gained from its precedent, EO 470. It has failed to change the protection structure as exhibited by the continuing bias against exports. As manifested by the inverted normal distribution of effective protection rate, it has also failed to achieve neutral form of protection. In addition, this paper points out an important tool in trade reform: real exchange rate adjustment. Results indicate that trade policy reform without reorganization on exchange rate and inflation policy may defeat the gains obtained from the previous policies or may not lead to its full realization.

Philippine Institute for Development Studies
Authors Keywords
Tan, Elizabeth S.; trade liberalization; trade reforms; inflation; trade sector; liberalization; trade policies;
Download PDF Number of Downloads
Published in 1994 and available in the PIDS Library or Downloaded 1,074 times since November 25, 2011
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)
If Prefer to self-describe, please specify:
Level of Education:
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.