00000caa a22000003i 4500 UP-1685594773862388435 Buklod 20210312141004.0 m | | ta 210312s1993 xx r |||| u|eng d (iLib)UPBAG-00039458437 BAG rda eng ARTICLE-2636 Gaspay, Manuel S. author. "Getting prices right", how important is it? a CGE modeling approach by Manuel s. Gaspay. 1993. pages [189]-234 illustrations 25 cm text rdacontent unmediated rdamedia volume rdacarrier Includes bibliographical references (pages 230 -234). A dynamic computable general equilibrium (CGE) model of the Philippines, with alternative versions of fiscal policy behavior, is constructed to examine the neo-classical claim about the relationship between trade restrictions and economic performance. The results indicate that the economic output and income distribution influences of price distortion from tariffs are indeed modest. In the growth process, it is the government revenue role of tariffs that matter rather than the impact of tariffs on factor allocation efficiency. There must be consistency, therefore, between the government's fiscal policy and its trade liberalization program for the latter to be successfully implemented. Free trade. Computable general equilibrium models. Fiscal policy. Commercial policy. The Philippine Review of Business and Economics Vol. XXX, No. 2 (December 1993), p. [189]-234. (viewed 12 March 2021) FI UPBAG UPBAG-MAIN ARTICLE-2636 Analytics