Abstract
This study uses the Global Trade Analysis Project (GTAP) model and database to investigate the effects of trade policies in conjunction with factor mobility on the Philippines economy. A total of six experiments were conducted: three trade strategies, each with two degrees of factor mobility. The conclusions are: (1) factor mobility results in a more efficient use of endowments in the economy; (2) lowering trade barriers shifts the pattern of production toward the most competitive sectors; and (3) lowering trade barriers leads to a more efficient distribution of endowment factors among sectors of production, which in turn results in a higher level of real output.
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