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The reform of the Common Agricultural Policy (CAP) which is now being implemented, reduces the support for a selected number of agricultural products. This book uses welfare theory and applied general equilibrium analysis to assess the medium to long term consequences of this reform, if the new policies remain in place until the beginning of the next century. It analyses the implications of two alternative scenarios: a) a further trade liberalisation covering all commodities; and b) increased protectionism with high prices, constraints on production and export subsidies (financed by the farmers themselves). The study also investigates the implications of financial renationalisation, whereby the European Union member-states would cover the costs of their own support measures.
This book focuses on the World Bank projects, led by the author, based on computable general equilibrium models of international trade policy. The chapters show an unusual combination of policy relevance, advice and impact, with academic rigor and international trade theory insights. The author discusses some of the policy contexts for the requests from developing and transition countries to the World Bank, the key trade theory or policy insights, policy recommendations and conclusions, and the policy impacts.
Over the last decade or so, applied general equilibrium models have rapidly become a major tool for policy advice on issues regarding allocation and efficiency, most notably taxes and tariffs. This reflects the power of the general equilibrium approach to allocative questions and the capability of today's applied models to come up with realistic answers. However, it by no means implies that the theoretical, practical and empirical problems faced by researchers in applied modelling have all been solved in a satisfactory way. Rather, a promising field of research has been opened up, inviting theorists and practitioners to further explore and exploit its potential. The state of the art in appli...
First issued in 2009, Water is celebrating our 10th anniversary this year. Thanks to all the dedicated researchers, reviewers, and editors, Water has become a popular outlet for cutting-edge research in the broad field of water science, technology, management, and governance. The open access format has proven to be attractive, and authors highly value the quick handling of papers, higher visibility and citations, as well as free and unlimited access to the new papers. After 10 years, Water has become an established journal in the field. This Special Issue is set up to mark the 10th anniversary of Water. It is devoted to the publication of comprehensive reviews encompassing the most significant developments in the realm of water sciences in the last decade.
This book, which resulted from an intensive discourse between experts from several disciplines – complexity theorists, cognitive scientists, philosophers, urban planners and urban designers, as well as a zoologist and a physiologist – addresses various issues regarding cities. It is a first step in responding to the challenge of generating just such a discourse, based on a dilemma identified in the CTC (Complexity Theories of Cities) domain. The latter has demonstrated that cities exhibit the properties of natural, organic complex systems: they are open, complex and bottom-up, have fractal structures and are often chaotic. CTC have further shown that many of the mathematical formalisms a...
Annotation The subject matter of agricultural economics has both broadened and deepened in recent years, and the chapters of this Handbook present the most exciting and innovative work being done today. Following Volume 1, Volume 2 consists of three parts: 'Agriculture, Natural Resources and the Environment', 'Agriculture in the Macroeconomy' and 'Agriculture and Food Policy'. Although agricultural economists have always paid attention to these topics, research devoted to them has increased substantially in scope as well as depth in recent years.
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