| Registro completo |
| Provedor de dados: |
AgEcon
|
| 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>2009 Conference, August 16-22, 2009, Beijing, China
Contributed Paper
213
|
| Formato: |
39
|
