Date Published:
Jun 01, 1997
Focus Area(s):
DRN 1997 Vol. XV No. 3-b

How will the Philippine economy on a macro scale be affected if tariffs are reduced? Results indicate an unambiguous decline in investments due to the increase in government deficit. This is the judgment of Dr. Josef Yap in his paper “Macroeconomic Impact of a Tariff Reduction: A Three- Gap Analysis with Model simulations”.

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