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Challenges in Modeling the Effects of Trade Agreements on the Agricultural Sector

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  • Westhoff, Patrick C.
  • Fabiosa, Jacinto F.
  • Beghin, John C.
  • Meyers, William H.

Abstract

Major issues and challenges encountered in modeling and analyzing agricultural and trade policy reforms are reviewed. We focus on the modeling approach and pay special attention to the type and scope of the models, the calibration of a realistic baseline scenario, the representation of the reform agreement, the use of extra-model information, the choice of metrics to measure reform impacts, and emerging issues in policy modeling. Existing solutions and unresolved issues are examined. We stress the complementarity of various modeling approaches in assessing policy reforms and the importance of helping users understand the limitations of the chosen approach. Keywords: agricultural policy, economic modeling, trade agreements. JEL classification: Q17, Q18, F13

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File URL: http://www.card.iastate.edu/publications/DBS/PDFFiles/04wp358.pdf
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Bibliographic Info

Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 11673.

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Date of creation: 01 Jan 2004
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Publication status: Published in Journal of Agricultural and Applied Economics 2004, vol. 36 no. 2, pp. 383-393
Handle: RePEc:isu:genres:11673

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
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Web page: http://www.econ.iastate.edu
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  1. Beghin, John C. & Bureau, Jean-Christophe, 2005. "Quantitative Policy Analysis of Sanitary, Phytosanitary and Technical Barriers to Trade," Staff General Research Papers 12740, Iowa State University, Department of Economics.
  2. Hart, Chad E. & Babcock, Bruce A., 2002. "U.S. Farm Policy and the WTO: How Do They Match Up?," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 3(1).
  3. Michael D. Helmar & William H. Meyers & Dermot J. Hayes, 1993. "GATT and CAP Reform: Different, Similar, or Redundant?," Center for Agricultural and Rural Development (CARD) Publications 93-gatt4, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  4. Meilke, Karl D. & McClatchy, Don & de Gorter, Harry, 1995. "Challenges In Quantitative Economic Analysis In Support Of Multilateral Trade Negotiations," Working Papers 51215, International Agricultural Trade Research Consortium.
  5. Richard E. Just, 2001. "Addressing the Changing Nature of Uncertainty in Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(5), pages 1131-1153.
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Cited by:
  1. Abler, David G., 2006. "Approaches to Measuring the Effects of Trade Agreements," Commissioned Papers 140762, Canadian Agricultural Trade Policy Research Network.
  2. Niemi, Jyrki S. & Kerkela, Leena & Lehtonen, Heikki, 2008. "Modelling the impacts of multilateral agricultural trade liberalization on the EU," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44334, European Association of Agricultural Economists.
  3. Rivera-Ferre, Marta G. & Ortega-Cerda, Miquel, 2011. "Assessment of the Agri-food System for Sustainability: Recognizing Ignorance," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 115965, European Association of Agricultural Economists.
  4. Oyewumi, Olubukola Ayodeju, 2005. "Modeling tariff rate quotas in the South African livestock industry," Master's Degree Theses 28064, University of the Free State, Department of Agricultural Economics.

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