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

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

Major issues and challenges encountered in modeling and analyzing agricultural and trade policy reforms are reviewed. We focus on modeling approach and pay special attention to the type and scope of models, calibration of a realistic baseline scenario, representation of the reform agreement, use of extramodel information, 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.

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File URL: http://purl.umn.edu/43385
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Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 36 (2004)
Issue (Month): 02 (August)
Pages:

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Handle: RePEc:ags:joaaec:43385
Contact details of provider: Web page: http://www.saea.org/jaae/jaae.htm

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  1. John C. Beghin & Jean-Christophe Bureau, 2001. "Quantitative Policy Analysis of Sanitary, Phytosanitary and Technical Barriers to Trade," Economie Internationale, CEPII research center, issue 87, pages 107-130.
  2. Meilke, Karl D. & McClatchy, Don & Gorter, Harry de, 1996. "Challenges in quantitative economic analysis in support of multilateral trade negotiations," Agricultural Economics, Blackwell, vol. 14(3), pages 185-200, August.
  3. Michael D. Helmar & William H. Meyers & Dermot J. Hayes, 1993. "GATT and CAP Reform: Different, Similar, or Redundant?," Food and Agricultural Policy Research Institute (FAPRI) Publications 93-gatt4, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
  4. 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.
  5. Hertel, Thomas, . "Global Trade Analysis: Modeling and applications," GTAP Books 7685, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
  6. 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).
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