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...

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...

We utilize a global trade model to generate distributions of commodity and factor prices based on observed uncertainty in rice production. This is done for three trade policy regimes. We then assess their impact on domestic price variability and the likelihood of marginal households falling into...

In this study we evaluate the effect of annual productivity growth in agriculture over the 1991-2001 period on poverty in eleven developing countries. We compare this with the optimal pattern of productivity growth of comparable cost with the sole goal of maximizing poverty reduction. This...

Trade policy reform prospects have generated debate about the impacts on poverty. Some critics assert that price changes induced by trade reform are minimal and may not be distinguishable from price fluctuations induced by other shocks to the global economy. This paper addresses this issue by...

In this paper, we contribute to the existing literature of global yield gap analysis by using geo-spatial dataset on crop yields, agro-climatic factors and selected socio-economic variables. In line with the literature, we link yield gaps to technical efficiencies. By treating each grid-cell as...