@article{Peterson:172055,
      recid = {172055},
      author = {Peterson, E. Wesley F.},
      title = {Some lessons from the Modelling of the Spanish Rice  Market},
      journal = {Agricultural Economics: The Journal of the International  Association of Agricultural Economists},
      address = {1988-01},
      number = {968-2016-75146},
      pages = {14},
      year = {1988},
      abstract = {Spanish accession to the European Comminity ( EC) will  lead to many changes
in Spain's agricultural sector.  Predicting the nature of these changes is difficult
because  the new policy regime differs significantly from historic  Spanish policies.
In this paper, conventional econometric  models of the Spanish rice sector are
constrated with a  model designed specifically to reflect the pervasive impact  of
Spanish rice policies. This policy model predicts the  historical evolution of production,
consumption and trade  more accurately than the conventional models.
However, the  policy model cannot be used to predict the impact of the  radical
policy changes in Spain resulting from the  introduction of the EC rice regime
because the historical  relationships no longer hold. It is argued that  alternative
approaches relying more on institutional  analysis and expert opinion need to be
developed to  understand the future of the Spanish rice sector.},
      url = {http://ageconsearch.umn.edu/record/172055},
      doi = {https://doi.org/10.22004/ag.econ.172055},
}