As the country has undergone a series of structural adjustment and stabilization policies, questions regarding its impact on the agriculture sector has stemmed out of the concerns on poverty and the welfare of vulnerable groups. To answer whether these policies improved the lot of these groups, this paper reviews some of the attempts made to estimate the microeconomic effects of macroeconomic policies and develops an analytical framework capable of evaluating the impacts of structural adjustment and stabilization policy issues. Utilizing computable general equilibrium models, this paper performs a number of policy experiments involving trade, value added tax and exchange rate.
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- Maligalig, Dalisay S. 1994. The use of statistics in policy research and decision-making. Discussion Papers DP 1994-21. Philippine Institute for Development Studies.