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Article
Evaluating the Market and Welfare Impacts of Agricultural Policies in Developed Countries: Comparison of Partial and General Equilibrium Measures
Review of Agricultural Economics
  • Alexandre Gohin, INRA
  • Giancarlo Moschini, Iowa State University
Document Type
Article
Publication Version
Accepted Manuscript
Publication Date
1-1-2006
DOI
10.1111/j.1467-9353.2006.00281.x
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.
Comments

This is the peer reviewed version of the following article: Gohin, A., and Moschini, G., “Evaluating the Market and Welfare Impacts of Agricultural Policies in Developed Countries: Comparison of Partial and General Equilibrium Measures,” Review of Agricultural Economics 28(2)(2006):195-211, which has been published in final form at DOI:10.1111/j.1467-9353.2006.00281.x . This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving

Copyright Owner
Agricultural and Applied Economics Association
Language
en
File Format
application/pdf
Citation Information
Alexandre Gohin and Giancarlo Moschini. "Evaluating the Market and Welfare Impacts of Agricultural Policies in Developed Countries: Comparison of Partial and General Equilibrium Measures" Review of Agricultural Economics Vol. 28 Iss. 2 (2006) p. 195 - 211
Available at: http://works.bepress.com/giancarlo-moschini/70/