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Exploring the Impact of Agricultural Price and Trade Policy Reform under Transition in Albania

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  • Mergos, George
  • Karadeloglou, Pavlos
  • Stoforos, Chrysostomos

Abstract

Agricultural policy decision making in economies undergoing transition to market is in need of empirical tools for assessing the impact of alternative policy options. The econometric means available for such exercise, however, are limited for lack of data and structural breaks in economic behaviour. Synthetic, partial equilibrium, multi-market models offer a potential alternative. Such models have been used extensively, even in advanced economies, to offer valuable insights on the impact of alternative policy options. This paper shows the use of such a partial equilibrium, multi-market, synthetic-type model as a tool for agricultural policy analysis in a country in transition. The model is applied for Albania, a predominantly agricultural country that, after a period of centralism and autarky, aims to re-join the international economic system. The model, albeit its many limitations, offers some useful insights on the impact of alternative options available for agricultural price and trade policy. Copyright 1999 by Kluwer Academic Publishers

Suggested Citation

  • Mergos, George & Karadeloglou, Pavlos & Stoforos, Chrysostomos, 1999. "Exploring the Impact of Agricultural Price and Trade Policy Reform under Transition in Albania," Economic Change and Restructuring, Springer, vol. 32(2), pages 103-127.
  • Handle: RePEc:kap:ecopln:v:32:y:1999:i:2:p:103-27
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    Cited by:

    1. Mergos, G. & Stoforos, C. & Mishev, P. & Ivanova, N., 2001. "Analysing agricultural policy reforms under transition in Bulgaria," Food Policy, Elsevier, vol. 26(5), pages 475-493, October.
    2. Svetlov, Nikolai (Светов, Николай) & Shishkina, Ekaterina (Шишкина, Екатерина), 2016. "Economic and Mathematical Modeling of EAEC Agri-food Policy [Экономико-Математическое Моделирование Агро- Продовольственной Политики Еаэс]," Working Papers 767, Russian Presidential Academy of National Economy and Public Administration.

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