Economic modelling of agricultural production: past advances and new challenges

This paper is a methodological review focusing on the major advances in modelling issues\r\nin agricultural production economics that have been made over recent decades. Issues include the role of\r\nmarkets and international trade, structural and dynamic aspects of production, environmental impacts of\r\nproduction decisions and risk issues. We describe the main scientific developments and their implications\r\nfor policy design and evaluation for each topic. We also provide a short conclusion on emerging issues,\r\ndata and modelling requirements and perspectives for future research.