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The Meg-Ismea Model for Analysis of Italy’s Agricultural Policies

Author

Listed:
  • Antonella Finizia
  • Riccardo Magnani
  • Federico Perali
  • Paolo Polinori

Abstract

The aim of this study is analysis of the Meg-Ismea general economic equilib-rium model for the Italian economy constructed in order to evaluate the impacts of agriculture policies on the behaviour of economic agents and in particular on the welfare of households. The model was developed with a micro-macro approach that allows for micro and macro evaluation of impacts maintaining coherence between the aggregate behaviour of the representative agent and the heterogeneous behaviour of the agents in the market. The model has been validated by studying its behaviour with two experiments that assess ex ante the impact of hypothetical international trade and fiscal reforms on Italian agriculture.

Suggested Citation

  • Antonella Finizia & Riccardo Magnani & Federico Perali & Paolo Polinori, 2005. "The Meg-Ismea Model for Analysis of Italy’s Agricultural Policies," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, November.
  • Handle: RePEc:rar:journl:0027
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    References listed on IDEAS

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    2. Alexandre Gohin & Herve Guyomard & Chantal Le Mouël, 2006. "Tariff protection elimination and Common Agricultural Policy reform: implications of changes in methods of import demand modelling," Applied Economics, Taylor & Francis Journals, vol. 38(13), pages 1527-1539.
    3. Ronnie O'Toole & Alan Matthews, 2002. "The IMAGE CGE Model: Understanding the Model Structure, Code and Solution Methods," Trinity Economics Papers 20029, Trinity College Dublin, Department of Economics.
    4. Antonella Caiumi & Federico Perali, 1997. "Female Labor Force Participation: A Comparison between Urban and Rural Families," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 595-601.
    5. Hertel, Thomas W., 2002. "Applied general equilibrium analysis of agricultural and resource policies," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 2, chapter 26, pages 1373-1419, Elsevier.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Common Agricultural Policy; Agricultural Policy Reform; Computable General Equilibrium Models;
    All these keywords.

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General

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