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Abstract
The objective of this paper is to provide deeper insights on the impacts of agricultural policy
reforms in the Mediterranean basin focusing on regional effects in the EU. The empirical
analysis has been undertaken using the partial equilibrium multi commodity, multi region
world trade model AGRISIM. The simulation results indicated that the CAP Reform for the
Mediterranean commodities seems to affect only the EU Mediterranean Member states and
the enlargement with Bulgaria and Romania only this two countries. Moreover the impacts on
the markets of typical Mediterranean commodities included in the modelling exercise are
limited. The supply in the EU changes mainly for those commodities that are of high
protection as beef, whereas the demand increases being highest for beef. The prices adjust to
the world market prices resulting thus to negative changes for the producer's surplus, but to
positive for the consumer's surplus. The effects for the EU budget are also positive and
overall welfare gains are to be expected.