Modelling the Common Agricultural Policy. General equilibrium effects of the 2014-2020 budget agreement
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
This paper presents methodological development of MAGNET, a sophisticated
agricultural variant of the well-known GTAP computable general equilibrium (CGE) model
for representing the Common Agricultural Policy (CAP). Using original data on EU
domestic support, it examines some likely macroeconomic effects in the European Union
(EU) of the expected budget over the period 2014-2020. Results suggest that agreed budget
cuts, in constant price, have limited impacts on EU and world markets, given the broadly
non-distortive representation of present CAP policy.