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Applied general equilibrium analysis of agricultural and resource policies

In: Handbook of Agricultural Economics

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  • Hertel, Thomas W.

Abstract

This chapter reviews the literature on applied general equilibrium analysis of agricultural and resource policies. It begins with a historical overview, followed by an assessment of the benefits of this methodology for examining sectoral policies. The chapter then turns to questions of disaggregation of commodities, households, regions and factors of production. Parameter specification and model closure are discussed, as well as problems of modeling policies which affect agriculture. There are also special sections on agriculture and the environment, product differentiation and imperfect competition, and model validation. The chapter closes with a discussion of future challenges to the field.

Suggested Citation

  • Hertel, Thomas W., 2002. "Applied general equilibrium analysis of agricultural and resource policies," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 2, chapter 26, pages 1373-1419, Elsevier.
    • Handle: RePEc:eee:hagchp:3-26
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    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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