Computable General Equilibrium (CGE) models are commonly used for global agricultural market analysis. Concerns are sometimes raised, however, about the quality of their output since key parameters may not be econometrically estimated and little emphasis is generally given to model assessment....

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...

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...

This paper incorporates commodity stockholding into a short run, stochastic global general equilibrium model. A mix of econometric and calibration techniques are used to reconcile model outcomes with historical stockholding and price behavior. The resulting framework is useful for analyzing...

Rich countries' agricultural trade policies are the battleground on which the future of the WTO's troubled Doha Round will be determined. Subject to widespread criticism, they nonetheless appear to be almost immune to serious reform, and one of their most common defenses is that they protect...

This paper examines the poverty impacts of global merchandise trade reform by looking at a wide range of developing countries in Africa, Asia and Latin America. Overall, the authors find that trade reform tends to reduce poverty primarily through the inclusion of agricultural components. The...