Rent-Seeking Public Policies and Corporate Conduct in the Philippine Flour Milling Industry

Results of relative welfare analysis conducted in this paper indicate that a large proportion of welfare losses in the past have been shouldered by the consumers. In addition, this article shows that the hypothesis of cartel-like behavior is consistent with the adverse results obtained.liberalization, welfare issues, wheat products, flour and flour products

Assessing the Economic Value of Credit Guarantees

This article analyzes how a credit guarantee confers private benefits to creditors and proposes reform policies and related assessment measures in order to make credit guarantee a socially beneficial intermediation instrument. Analysis indicates that the necessary and sufficient conditions for credit guarantee to have positive economic value to creditors include sufficiency of collateral and creditor’s risk aversion. Findings also suggest that guarantee programs have a limited reach, implying a need for continuing subsidies.credit program, credit access

Assessing the Economic Value of Credit Guarantees

This article analyzes how a credit guarantee confers private benefits to creditors and proposes reform policies and related assessment measures in order to make credit guarantee a socially beneficial intermediation instrument. Analysis indicates that the necessary and sufficient conditions for credit guarantee to have positive economic value to creditors include sufficiency of collateral and creditor’s risk aversion. Findings also suggest that guarantee programs have a limited reach, implying a need for continuing subsidies.credit program, credit access

THE SUSTAINABLE GROWTH PARADIGM'S APPLICATION TO U.S. FARM BUSINESSES

The sustainable growth paradigm is used to analyze aggregate output decisions across U.S. agricultural productions regions. Results show that the farm sector has adapted to positive or negative sustainable growth challenges (SGC) and that, from an equilibrium point of view, SGC countercyclical measures indicate a usual tendency towards balanced growth.Production Economics,