Evaluating the market and welfare impacts of agricultural policies in developed countries: comparison of partial and general equilibrium measures

Alexandre Gohin () and GianCarlo Moschini
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Alexandre Gohin: Économie et Sociologie Rurales - INRA - Institut National de la Recherche Agronomique

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Abstract: We revisit the question of choosing partial equilibrium or general equilibrium modeling in applied policy analysis in the context of evaluating the effects of a complete phase-out of the Common Agricultural Policy (CAP) of the European Union. We compare the results of three models—two three-sector general equilibrium models (one with an additional major distortion in the nonagricultural sector) and a two-sector partial equilibrium model. We find that the market effects of a complete phase-out of the CAP are quite comparable across these models. On the other hand, the measured welfare impacts may depend on the modeling choice.

Keywords: POLITIQUE AGRICOLE COMMUNE; économétrie; modèle d'équilibre général; modèle d'équilibre partiel; union européenne (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (14)

Published in Review of Agricultural Economics, 2006, 28 (2), pp.195-211. ⟨10.1111/j.1467-9353.2006.00281.x⟩

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Related works:
Working Paper: Evaluating the Market and Welfare Impacts of Agricultural Policies in Developed Countries: Comparison of Partial and General Equilibrium Measures (2010)
Journal Article: Evaluating the Market and Welfare Impacts of Agricultural Policies in Developed Countries: Comparison of Partial and General Equilibrium Measures (2006)
Journal Article: Evaluating the Market and Welfare Impacts of Agricultural Policies in Developed Countries: Comparison of Partial and General Equilibrium Measures (2006)
Working Paper: Evaluating the Market and Welfare Impacts of Agricultural Policies in Developed Countries: Comparison of Partial and General Equilibrium Measures (2006)
Working Paper: Evaluating the Market and Welfare Impacts of Agricultural Policies in Developed Countries: Comparison of Partial and General Equilibrium Measures (2006)
Working Paper: Evaluating the market and welfare impacts of agricultural policies in developed countries: comparison of partial and general equilibrium measures (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01931638

DOI: 10.1111/j.1467-9353.2006.00281.x

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