The effects of the WTO agreement on household food security in the Philippines
Date
2005-04
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
This paper examines the effects of the WTO Agreement on food security in the Philippines, as measured by per capita expenditures on food. Specifically, ordinary least squares (OLS) regression analysis was used to assess whether the trade reform policies under the said agreement have improved rather than hurt food security at the household level. The results of the analysis reveal that per capita expenditures on food increased since the implementation of the WTO Agreement, thus implying that the trade reform policies enhanced food security of Filipino households. The study also demonstrates that the factor that most significantly influences per capita expenditures on food is the price of grain products. The study concludes that complementary policy measures should be implemented in order to attain the full benefits of the WTO Agreement.
Description
Keywords
Food expenditures, WTO, Food security, Household consumption, Trade policy, Trade reform