189-207

• Kakrida, Urania, V.

The paper reviews the econometric models used in the past 15 years to analyze the most widely used agricultural policy instruments. The main aim of the paper is to provide the reader with an overview of these models, analyzing the technical solutions adopted, the type of results than can be obtained. The discussion starts from the basic modeling assumptions, the data and parameters employed, by looking first at the common aspects of the models, and then at the unique characteristics of each model fro simulating the effects of the CAP. Then the effectiveness of the modeling of four specific CAP tools is discussed; these are – direct price support, trade measures, supply management tools and partially“decoupled” payments. The conclusion reached is that the contribution of econometric models to the analysis of the CAP has been significant, especially from the point of view of modeling the main policy instruments according to their theoretical impact on farmers’ behavior. However, many problems have still to overcome. For this reason, in the concluding section, the paper tries to identify a number of priorities for further research.

• Economics and Business

• Economics

Common Agricultural Policy tools, Ecometric Models, Direct price support, Trade policies, Supply management tools, Partially decoupled payments

JEL classification: Q0, Q1, Q18, Q19, Q21, Q28