The Effectiveness of Export Promotion Policies in a General Equilibrium Framework: The Case of the Philippines

Abstract

This study examines the general equilibrium effects of different export promotion policies on imports and production of importables and exportables. Unlike other studies, land as a factor input in the production function has been included. Thus, this article develops a three-factor production function where value-added depends upon the use of labor, capital and land.investment incentive system, trade sector, computable general equilibrium (CGE), export commodities