Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/187330 
Year of Publication: 
1997
Series/Report no.: 
PIDS Discussion Paper Series No. 1997-11
Publisher: 
Philippine Institute for Development Studies (PIDS), Makati City
Abstract: 
Due to the increase in prices of basic agricultural commodities in 1995, food price stability and food security have again emerged as a major policy concern. This paper argues that the sharp increases in prices of rice; largely the choice and management of policy instrument have caused corn and sugar. Highly protectionist policy on tariffs imposed on sensitive agricultural products is not sustainable over a prolonged period of time. Moreover, bidding out of the right to import while retaining quotas, can minimize gross errors in timing and amount of importation.
Subjects: 
food sector
food price stability
nominal protection rate
price instability
Document Type: 
Working Paper

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