Data/hora: 13/06/2024 08:00:44

Provedor de dados: | 31
País: | United States
Título: | Dynamic modelling of agricultural policies: the role of expectation schemes
Autores: | Femenia,   Fabienne; Alexandre,   Gohin.
Data: | 2009-06-29
Ano: | 2009
Palavras-chave: | Agricultural policy; Dynamics; Endogenous fluctuations; Expectation errors; Agricultural and Food Policy; Risk and Uncertainty.
Resumo: | The highly disputed effects of agricultural trade liberalisation are mostly simulated with static models. Our main objective in this paper is to evaluate the robustness of the static simulation results to the consistent modelling of dynamic behaviours and to the linked specification of price/return expectations. Focusing on a complete trade liberalisation scenario of arable crop markets by developed countries, we find that available static results are quite robust to dynamic specifications and to most expectation schemes. Endogenous market fluctuations due to expectation errors may appear following trade liberalisation. These fluctuations are nevertheless limited by the many feedback effects revealed by our general equilibrium framework.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/51665

Relação:

International Association of Agricultural Economists&gt;2009 Conference, August 16-22, 2009, Beijing, China

Contributed Paper

213

Formato: | 39