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The Common Agricultural Policy In Main Partial Equilibrium Models

  • Conforti, Piero
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    The paper reviews seven partial equilibrium global models used over the last 10 years to the analysis of the Common Agricultural Policy (ESIM, FAO-WFM, FAPRI-CARD, MISS, SPEL/EU, SWOPSIM and WATSIM). The discussion starts from the basic modelling assumptions, the data and parameters employed, by looking first at the common aspects of the models, and then at the unique characteristics of each model for simulating the effects of the CAP. Then the effectiveness of the modelling of five specific CAP tools is discussed; these are - direct price support, trade measures, supply management tools, partially "decoupled" payments, and voluntary schemes. It is argued that considerable improvements have taken place in the ability to capture the effects of changes in some of the main CAP tools, especially in relatively more recent efforts, and especially in terms of the explicit modelling of different measures. Further work is required on the quality of functional forms, the parameters and of the data employed in the models to complement the achievements already made in modelling agricultural and trade policy tools.

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    File URL: http://purl.umn.edu/14806
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    Paper provided by National Institute of Agricultural Economics, Italy INEA, Osservatorio Sulle Politiche Agricole dell'UE in its series Working Papers with number 14806.

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    Date of creation: 2001
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    Handle: RePEc:ags:ineawp:14806
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    1. Ian Shaw & John Shaffer & V. Premakumar, 1997. "Policy and Forecasting Models for the Chinese, South Korean, Australian, and European Union Meat Sectors," Center for Agricultural and Rural Development (CARD) Publications 97-tr35, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    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. Westhoff, Patrick & Hayes, Dermot J. & Meyers, William H. & Helmar, Michael D., 1992. "Analysis of the European Community Commission Plan for Common Agricultural Policy Reform," Staff General Research Papers 547, Iowa State University, Department of Economics.
    4. H. Guyomard & L. P. Mahé & C. Tavéra & T. Trochet, 1991. "Technical Change And Ec-Us Agricultural Trade Liberalisation," Journal of Agricultural Economics, Wiley Blackwell, vol. 42(2), pages 119-137.
    5. Frank H. Fuller & John C. Beghin & Samarendu Mohanty & Jacinto F. Fabiosa & Cheng Fang & Phillip Kaus, 1999. "Impact of the Berlin Accord and European Enlargement on Dairy Markets, The," Center for Agricultural and Rural Development (CARD) Publications 99-wp231, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    6. Ian Shaw & John Shaffer & V. Premakumar, 1997. "Policy and Forecasting Models for the Chinese, South Korean, Australian, and European Union Meat Sectors," Food and Agricultural Policy Research Institute (FAPRI) Publications 97-tr35, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
    7. Chad E. Hart & Michael D. Helmar & Dermot J. Hayes & William H. Meyers, 1994. "CAP Reform Studies: A Comparison," Food and Agricultural Policy Research Institute (FAPRI) Publications 94-gatt18, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
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