Reform of the European Union's Common Agricultural Policy: How to reach GATT-compatibility?

Silvia Weyerbrock

doi:10.1016/S0014-2921(97)00066-4

Reform of the European Union's Common Agricultural Policy: How to reach GATT-compatibility?

Silvia Weyerbrock

Research output: Contribution to journal › Article › peer-review

21 Scopus citations

Abstract

This paper studies the reform of the European Union's Common Agricultural Policy (CAP). It examines three questions: (1) do current reforms meet the targets specified in the Uruguay Round Agreement? (2) what additional reforms are needed to make CAP GATT-compatible? and (3) does CAP reform alleviate the EU's budgetary problem? To investigate these issues, we use a six-region, 13-sector computable general equilibrium model with explicitly modeled policies. We find that CAP reform worsens the EU's budgetary situation and does not meet the GATT targets. We quantify support price reductions and quota increases needed to reach the targets.

Original language	English (US)
Pages (from-to)	375-411
Number of pages	37
Journal	European Economic Review
Volume	42
Issue number	2
DOIs	https://doi.org/10.1016/S0014-2921(97)00066-4
State	Published - Feb 1998
Externally published	Yes

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

Keywords

Agricultural and trade policy reform
Common Agricultural Policy
European Union
Explicit policy modeling
Uruguay Round Agreement

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10.1016/S0014-2921(97)00066-4

Cite this

@article{b31a74f85f38416085f5a271b5ea2f25,

title = "Reform of the European Union's Common Agricultural Policy: How to reach GATT-compatibility?",

abstract = "This paper studies the reform of the European Union's Common Agricultural Policy (CAP). It examines three questions: (1) do current reforms meet the targets specified in the Uruguay Round Agreement? (2) what additional reforms are needed to make CAP GATT-compatible? and (3) does CAP reform alleviate the EU's budgetary problem? To investigate these issues, we use a six-region, 13-sector computable general equilibrium model with explicitly modeled policies. We find that CAP reform worsens the EU's budgetary situation and does not meet the GATT targets. We quantify support price reductions and quota increases needed to reach the targets.",

keywords = "Agricultural and trade policy reform, Common Agricultural Policy, European Union, Explicit policy modeling, Uruguay Round Agreement",

author = "Silvia Weyerbrock",

note = "Funding Information: I am grateful for many helpful comments and suggestions from Irma Adel-man, Sherman Robinson, Jeffrey Perloff, Barry Eichengreen, Elhanan Helpman (the editor), two anonymous referees,a nd seminar participants at the 1996E EA Congress and Rutgers University. I thank Ken Hanson, Dominique van der Mensgrugghe, and Marinos Tsigas for providing a sizable part of the data. All errors are mine. This research was supported by a research agreementw ith the International Food Policy Research Institute (IFPRI). Any view expressedi n this article are those of the author and do not necessarily reflect the view of IFPRI.",

year = "1998",

month = feb,

doi = "10.1016/S0014-2921(97)00066-4",

language = "English (US)",

volume = "42",

pages = "375--411",

journal = "European Economic Review",

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T1 - Reform of the European Union's Common Agricultural Policy

T2 - How to reach GATT-compatibility?

AU - Weyerbrock, Silvia

N1 - Funding Information: I am grateful for many helpful comments and suggestions from Irma Adel-man, Sherman Robinson, Jeffrey Perloff, Barry Eichengreen, Elhanan Helpman (the editor), two anonymous referees,a nd seminar participants at the 1996E EA Congress and Rutgers University. I thank Ken Hanson, Dominique van der Mensgrugghe, and Marinos Tsigas for providing a sizable part of the data. All errors are mine. This research was supported by a research agreementw ith the International Food Policy Research Institute (IFPRI). Any view expressedi n this article are those of the author and do not necessarily reflect the view of IFPRI.

PY - 1998/2

Y1 - 1998/2

N2 - This paper studies the reform of the European Union's Common Agricultural Policy (CAP). It examines three questions: (1) do current reforms meet the targets specified in the Uruguay Round Agreement? (2) what additional reforms are needed to make CAP GATT-compatible? and (3) does CAP reform alleviate the EU's budgetary problem? To investigate these issues, we use a six-region, 13-sector computable general equilibrium model with explicitly modeled policies. We find that CAP reform worsens the EU's budgetary situation and does not meet the GATT targets. We quantify support price reductions and quota increases needed to reach the targets.

AB - This paper studies the reform of the European Union's Common Agricultural Policy (CAP). It examines three questions: (1) do current reforms meet the targets specified in the Uruguay Round Agreement? (2) what additional reforms are needed to make CAP GATT-compatible? and (3) does CAP reform alleviate the EU's budgetary problem? To investigate these issues, we use a six-region, 13-sector computable general equilibrium model with explicitly modeled policies. We find that CAP reform worsens the EU's budgetary situation and does not meet the GATT targets. We quantify support price reductions and quota increases needed to reach the targets.

KW - Agricultural and trade policy reform

KW - Common Agricultural Policy

KW - European Union

KW - Explicit policy modeling

KW - Uruguay Round Agreement

UR - https://www.scopus.com/pages/publications/0031798406

UR - https://www.scopus.com/pages/publications/0031798406#tab=citedBy

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DO - 10.1016/S0014-2921(97)00066-4

M3 - Article

AN - SCOPUS:0031798406

SN - 0014-2921

VL - 42

SP - 375

EP - 411

JO - European Economic Review

JF - European Economic Review

IS - 2

ER -

Reform of the European Union's Common Agricultural Policy: How to reach GATT-compatibility?

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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