Harnessing the Potential of the Philippines’ Agricultural Sector: An Assessment using the Product Space
Bayudan-Dacuycuy, Connie; Serafica, Ramonette B. | November 2018
This paper analyzes the prospects of the country’s agricultural sector to evolve into a high value-added sector. In particular, the paper identifies the country’s agricultural exports that has forward linkages to other high value adding agricultural products. To do this, this paper uses some metrics from the product space and maps the country’s current agricultural exports to products that can be pursued in the short-, medium-, and long-run diversification strategies. This paper finds that the sophistication content of the Philippines’ agricultural exports from 1994 to 2014 has not improved. Despite this, the country can diversify into processed agricultural goods, which have sophistication content relatively higher than that of primary agricultural products such as fresh fruits. This indicates that developing the agro-processing industry appears to be a good strategy if the country is to harness the potential of the agricultural sector to contribute to sustainable economic growth and decent employment. While this portends good news, this also presents challenges on how the country can transform its agricultural sector into a sector that is high value adding. The sector’s transformation will definitely not happen overnight and deliberate steps towards the goal is necessary. To this end, the paper offers some broad strategies that the country can pursue so that the agricultural sector will be able realize its actual linkages with the more advanced and sophisticated industries.
CitationBayudan-Dacuycuy, Connie; Serafica, Ramonette B.. 2018. Harnessing the Potential of the Philippines’ Agricultural Sector: An Assessment using the Product Space. © Philippine Institute for Development Studies. http://hdl.handle.net/11540/9223.
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