The Impact of the Conservation Reserve Program on the US Economy: A General Equilibrium Analysis

Noel D. Uri and Roy Boyd
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Noel D. Uri: U.S. Department of Agriculture
Roy Boyd: Ohio University

Chapter 15 in Recent Advances in Spatial Equilibrium Modelling, 1996, pp 301-322 from Springer

Abstract: Abstract While it is often expedient to assess the impact of an agricultural program on just the agricultural sectors of the economy, any inferences drawn run the risk of being inaccurate because of the interrelationships between these sectors and the rest of the US economy. For example, the interactions between supply and demand, both within the markets for agricultural commodities as well as between these markets and the rest of the economy, are quite significant (Harrington, et al. 1986). Given these interrelationships, the use of a computable general equilibrium approach to modelling the effects of an agricultural program is a logical decision. In what follows, the aggregate impacts of the Conservation Reserve Program will be assessed using such an approach.

Keywords: General Equilibrium; General Equilibrium Model; Agricultural Commodity; Computable General Equilibrium Model; Conservation Reserve Program (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-3-642-80080-1_15

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