00000caa a22000003i 4500 UP-1685594773862388685 Buklod 20210323221522.0 m | | ta 210323s2003 xx r |||| u|eng d 1655-1516 (iLib)UPBAG-00039569113 BAG rda eng ARTICLE-2865 Fabella, Raul V. author. The Comprehensive Agrarian Reform Program and Coase theorem Raul V. Fabella. 2003. pages [109]-114 25 cm text rdacontent unmediated rdamedia volume rdacarrier Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001. Includes bibliographical references. The prohibition of the sale or usufruct of land under the Comprehensive Agrarian Reform Law has, in effect, destroyed the legal rural land market and, in its wake, the legal rural credit market. These markets have gone underground resulting in very high transactions cost and threatened bankruptcy to farmers. Section 27 of CARL contravenes an efficiency result in economics called the Coase theorem. Reforms suggested are analyzed in light of this theorem. Coase, Ronald Harry. Comprehensive Agrarian Reform Program. Land reform Economic aspects Philippines. Agriculture and state Philippines. Rural development Philippines. The Philippine Review of Economics Vol. XL, No. 1 (June 2003), p. [109]-114. Request full-text access via UPB University Library through https://forms.gle/KZjBv7aRtY6jiL5E9 (viewed 23 March 2021) UPBAG UPBAG-MAIN ARTICLE-2865 Analytics