| The paper reviews the multisectoral models used in the last 10 years to analyse the effects of the Common Agricultural Policy. It begins with a presentation of the theoretical structure of computable general equilibrium models, including both single-region and multi-region models. In this respect, the paper deals with the questions of disaggregation of commodities, households, regions and factors of production, as well as the issues of parameter specification and model closure. The paper then turns to the problems of modelling policies which are included in the present CAP. Firstly, there is the issue of the linkages between institutional and market prices. Secondly, there is the issue of decoupled or semi-decoupled direct payments. Thirdly, there are... |
