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TC-PIDS SP 1986-05: Impact of the Tariff Reform Program

While the Tariff Reform Program offers efficiency in resource allocation, it entails short-run costs. To understand what are these costs, this paper evaluates its impact utilizing an input-output model with a focus on output, employment, trade balance and revenue. Analysis indicates decline in output, employment and income while there has been an increase in imports and no significant change on total demand. TRP impacts are evaluated under different assumptions on fiscal and monetary policies.

Philippine Institute for Development Studies
Authors Keywords
Medalla, Erlinda M.; trade liberalization; tariff; trade reforms; trade sector; effective protection rate; econometric modeling; trade policies; tariff reform program;
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