Work

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

Year: 2004

Type: article

Abstract: 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.

Source: Journal of Agricultural and Applied Economics

DOI: 10.1017/s1074070800026663

Authors: Patrick Westhoff, Jacinto Fabiosa, John Beghin, William Meyers

Institutions: University of Missouri, Iowa State University

Language: English

Topic: Agricultural economics and policies

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Zero hunger

Open Access status: green

Funders: U.S. Department of Agriculture, Cooperative State Research, Education, and Extension Service