Small countries may benefit from the formation of a trade bloc, since their combined market power will enable them to manipulate the terms of trade. The question of interest is whether countries will benefit from the enlargement of a trading bloc, if trade liberalization induces countries to...

This paper identifies and analyzes the changes that have occurred in terms of territorial and commodity structure of agrarian trade (exports) of countries of the Visegrad Group (or V4 -i.e. Czech Republic, Poland, Hungary and Slovakia) in the period 1993-2008. In terms of methodological...

The European Union decided in June 2003 a new reform of its farm policy with a new step toward the decoupling of farm income support instruments. Available impact studies find that this reform will reduce production incentives, substantially for beef and to a lesser extent for arable crops. All...

Trading schemes for emission allowances have become a panacea for nations aspiring toreduce their aggregate emissions of greenhouse gases from industry in a cost-effectivemanner. The contention of this paper is that an emissions trading scheme (ETS) shouldnot be based on blanket coverage of...

Complete agricultural trade liberalization between the United States and the European Union is examined with respect to the agricultural sector. A static, partial equilibrium model, distinguishing among the European Union, the United States, and a politically passive rest of the world, is used...

The status of competitiveness for the two most important food and beverage manufacturing sector s (meat processing and beverage manufacturing) in 13 EU countries is analysed empirically, using 1995 - 2002 Eurostat data. After a review of earlier agribusiness competitiveness studies an industial...

This paper provides an overview of the European Union component of the recently developed ERS/Penn State WTO Model. The model is a multi-region, multi-commodity partial equilibrium trade model which allows the user to simulate the effects of reducing or eliminating tariffs and TRQs, export...

This paper analyses how the enlargement of a trade bloc will affect national welfare. We establish a partial equilibrium model of a trade bloc either operating as a monopoly with a competitive fringe or facing a duopolistic game in production taxes/subsidies. Given this framework, we demonstrate...

This note examines European Union (EU) institutions and policy making processes in relation to its agriculture and food sector. With a market comprised of 495 million people across 27 countries and a comprehensive agricultural policy accounting for the largest share of the EU budget, how the EU...

The purpose of this paper is to analyse the competitive performance of the EU countries for food trade in the European market during the period 1990-2003. To assess such performance the analysis considers comparative advantage and evaluates three indices: export market share (EMS), revealed...