This paper quantifies the potential impact of European Union enlargement and the consequences of ignoring the non-agricultural component of this integration. We find that agriculture-focused studies offer sound estimates of agriculture-specific production and trade changes, but the estimates of...

1996, October This technical paper documents one approach to incorporating monopolistic competition into the GTAP Model. In this framework, consumer preferences are heterogeneous, leading to an apparent "love of variety" in the aggregate utility function for each region. The more heterogeneous...

Paper prepared for the World Bank's Conference on Developing Countries and the Millennium Round, Council Room, WTO Secretariat, Centre William Rappard, Geneva, 19-20 September. The importance of manufactures trade to the developing countries has increased dramatically since the early 1980s, and...

May 1998 Purdue AGEC Staff Paper #98-5 A newly developed demand system is used to estimate the response of food and food product demand to per capita expenditure changes. The resulting Engel elasticities are then used to project food and food product demand in 2020 assuming per capita...

Poverty reduction is an increasingly important consideration in the deliberations over multilateral trade liberalization. However, the analytical procedures used to assess the impacts of multilateral trade liberalization on poverty are rudimentary, at best. Most poverty studies have focused on a...

The CES is generalized by extension of the work of Hanoch (1975) resulting in implicit, direct and indirect relationships between utility and consumption. Expressions for substitution and income elasticities are developed and observed to be variable, rather than constant as in the CES case.

The paper proposes a new disequilibrium approach to modeling international capital mobility. Key to this approach are errors in investors' assessments of potential returns to capital -- such as those recently observed in Asia. We use the model to study dynamic adjustment of North American farm...

This paper presents a validation experiment of a global CGE trade model widely used for analysis of trade liberalization. We focus on the ability of the model to reproduce price volatility in wheat markets. The literature on model validation is reviewed with an eye towards designing an...