The Meg-Ismea Model for Analysis of Italy’s Agricultural Policies
The aim of this study is analysis of the Meg-Ismea general economic equilib-rium model for the Italian economy constructed in order to evaluate the impacts of agriculture policies on the behaviour of economic agents and in particular on the welfare of households. The model was developed with a micro-macro approach that allows for micro and macro evaluation of impacts maintaining coherence between the aggregate behaviour of the representative agent and the heterogeneous behaviour of the agents in the market. The model has been validated by studying its behaviour with two experiments that assess ex ante the impact of hypothetical international trade and fiscal reforms on Italian agriculture.
Common Agricultural Policy, Agricultural Policy Reform, Computable General Equilibrium Models
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