This chapter reviews the literature on applied general equilibrium analysis of agricultural and resource policies. It begins with a historical overview, followed by an assessment of the benefits of this methodology for examining sectoral policies. The chapter then turns to questions of...

A standard, multiregion general equilibrium (GE) model is developed and contrasted with typical partial equilibrium (PE) models of agricultural trade for two trade policy reform experiments. In the case of reforms affecting both food and nonfood sectors, the PE model has difficulty predicting...