This paper evaluates potential economic impacts of incorporating Romania into EU’s Common Agricultural Policy. A CGE model of Romania is employed to model likely changes in trade, production and welfare patterns with a focus on fifteen local agro-food activities. Three main findings emerge....

This article assesses the feasibility of a 50% reduction in CO₂ emissions by 2050 using a large-scale Post Keynesian simulation model of the global energy-environment-economy system. The main policy to achieve the target is a carbon price rising to $100/tCO₂ by 2050, attained through auctioned...

Computable general equilibrium (CGE) modelling represents a powerful tool for hypothesising possible sustainability outcomes that might be triggered with the implementation of policy proposals. Nevertheless, CGE modelling is based on several tight general equilibrium and neoclassical...

Applied general equilibrium modelling represents a powerful tool for assessing future likely economic changes due to upcoming or hypothesised policy shocks such as those brought about by EU enlargement. It entails the main advantage of considering the complex simultaneous linkages, interactions...

Millennium Development Goals, increasing attention is being given to the poverty impacts of trade liberalisation. The high level of public interest has stimulated renewed research activity aimed at expanding the evidence-base available to trade negotiators and policymakers. Within this context,...