The Green Revolution in a macroeconomic perspective

the Philippine case

This paper analyzes the income and equity effects of the dramatic growth in rice yield in the Philippines during the “green revolution” period 1965-1980 using a modified Social Accounting Matrix (SAM) framework. Proportionately larger income benefits are found to accrue to the large-farm than the small-farm households, indicating a negative equity effect under the historical policy regime and economic structure. The results of counterfactual simulation involving a more active promotion of small-farm production point to a complementarity, rather than a tradeoff, between the twin objectives of growth and equity.

Author: 
Bautista, Romeo M.
Published date: 
1995
Publisher: 
International Food Policy Research Institute (IFPRI)
Series number: 
4
PDF file: 
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