2001
DOI: 10.1111/j.1574-0862.2001.tb00060.x
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Global models applied to agricultural and trade policies: a review and assessment

Abstract: The continuing process of global integration bears implications for farmers and related supplying and processing industries in all parts of the world, but also for the rest of the world economy. An assessment of agricultural and trade policy impacts is bound to be complex and is often supported by quantitative modeling analysis. This article provides an assessment of the present state of applied modelling in the area of trade and agricultural policies. We provide in this paper a comparative assessment of alter… Show more

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Cited by 62 publications
(43 citation statements)
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“…Partial equilibrium models on one extreme seek to capture the unique dynamic relationships of a particular market or sector, such as agriculture. Within the scope of partial equilibrium analysis, the particular sector in question is closed and has no linkages with the rest of the economy, which essentially implies that the sector is affected by the rest of the economy but has no direct effect on the economy itself (Van Tongoren et al, 2000;Calcaterra, 2002). Thus, the effects of the rest of the economy (and the world) are treated as exogenous.…”
Section: Commodity Models In World Grain Marketsmentioning
confidence: 99%
“…Partial equilibrium models on one extreme seek to capture the unique dynamic relationships of a particular market or sector, such as agriculture. Within the scope of partial equilibrium analysis, the particular sector in question is closed and has no linkages with the rest of the economy, which essentially implies that the sector is affected by the rest of the economy but has no direct effect on the economy itself (Van Tongoren et al, 2000;Calcaterra, 2002). Thus, the effects of the rest of the economy (and the world) are treated as exogenous.…”
Section: Commodity Models In World Grain Marketsmentioning
confidence: 99%
“…While PE models consider the agricultural system as a closed system without linkages with the rest of the economy, CGE models provide a complete representation of the national economies (Tongeren et al, 2001). Each modelling approach has particular features with strengths and weaknesses, and choosing the modelling approach depends on the objective of the assessment and on the problem at hand.…”
Section: Categorising Methods Within the Structural Approachmentioning
confidence: 99%
“…The partial equilibrium models are used in supply and demand of agriculture primary commodities excluding their processed forms [20].This analysis assumes that the milk traded between the countries in the region is homogeneous and the market is perfectly competitive. It also assumes that the milk price is the farm gate price for both domestic supply and imported milk.…”
Section: Partial Equilibrium Analysismentioning
confidence: 99%