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

Published online by Cambridge University Press:  28 April 2015

Patrick Westhoff ,
Jacinto Fabiosa ,
John Beghin  and
William Meyers
Patrick Westhoff
Affiliation:
Food and Agricultural Policy Research Institute, University of Missouri, Columbia, MO
Jacinto Fabiosa
Affiliation:
Food and Agricultural Policy Research Institute, Iowa State University, Ames, IA
John Beghin
Affiliation:
Food and Agricultural Policy Research Institute, Iowa State University
William Meyers
Affiliation:
Food and Agricultural Policy Research Institute, University of Missouri, Columbia, MO
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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.

Keywords

agricultural policyeconomic modelingtrade agreementsQ17Q18F13
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 36 , Issue 2 , August 2004 , pp. 383 - 393
Copyright
Copyright © Southern Agricultural Economics Association 2004

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