Input Interventions and Production Efficiency in Philippine Agriculture

Abstract

This article primarily the efficiency implications of government interventions affecting major farm inputs in the Philippines, namely, minimum wage legislations, interest rate regulations, foreign exchange controls and tariffs, as well as specific programs on hybrid seed production, fertilizer subsides, liberalized credit, and irrigation development. While these interventions encompass a variety of instruments that have throughout the years become increasingly prevalent, they are hypothesized to have various adverse effects on production efficiency in Philippine agriculture.