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Abstract

The reform of the CAP has been analysed using a number of different sector level models such as those operated by FAPRI, the OECD, EuroCARE and the European Commission. The results of these different studies are broadly consistent in many cases, despite the radical nature of the reform in changing the relationship between payments and production. In some instances there are important differences. In this paper the approach that FAPRI has taken to decoupling in the US and the EU is discussed. The results from various analyses of CAP reform are compared to determine the extent to which results are driven by assumptions regarding the extent of decoupling of the EU payments, and how much can be attributed to different model specification.

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