© 1989 Oxford University Press and the Foundation for the European Review of Agricultural Economics
research-article |
Principles of the EC dairy model
Department of Agriculture Economics, Agricultural University of Wageningen
Received August 1, 1989;
Summary
The EC dairy model was developed to simulate the long-term effects of various dairy policies. Its basic elements are a supply section, a demand section and balance equations. It pays special attention to the aggregation of the different dairy products. The model is intended to examine questions arising during policy-making.
After explaining its principles, its predictions of the effects of eleven policy aspects are evaluated. Economic measures receive most attention. Data and parameters are discussed as is a simulation of long-term policy effects of four alternative policies over the period 19842000.