Factor Markets in General Computable Equilibrium Models

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dc.creatorBanse, Martin
dc.creatorShutes, Lindsay
dc.creatorDixon, Peter
dc.creatorvan Meijl, Hans
dc.creatorRimmer, Maureen
dc.creatorTabeau, Andrzej
dc.creatorWoltjer, Geert
dc.creatorRothe, Andrea
dc.date2017-04-01T13:51:18Z
dc.date.accessioned2026-07-09T07:22:19Z
dc.descriptionOne objective of Computable general equilibrium (CGE) models is the analysis of economy-wide effects of policy measures. The focus of the Factor Markets project is to analyse the functioning of factor markets for agriculture in the EU-27, including the Candidate Countries. While agricultural and food markets are fully integrated in a European single market, subject to an EU-wide common policy, the Common Agricultural Policy (CAP), this is not the case for the agricultural factor markets capital, labour and land. There are partly serious differences with regard to member state regulations and institutions affecting land, labour and capital markets. The presentation of this heterogeneity of factor markets amongst EU Member States have been implemented in the CGE models to improve model-based analyses of the CAP and other policy measures affecting agricultural production. This final report comprises the outcome of a systematic extension and improvement of the Modular Applied GeNeral Equilibrium Tool (MAGNET) model starting from an overview of the current state of the art to represent factor markets in CGE models to a description of work on labour, land and capital in MAGNET.
dc.identifierdoi:10.22004/ag.econ.155705
dc.identifierhttps://ageconsearch.umn.edu/record/155705/files/FM%20WP47%20Factor%20Markets%20in%20GE%20Models.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/155705
dc.identifier.urihttp://hdl.handle.net/123456789/587585
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/155705
dc.titleFactor Markets in General Computable Equilibrium Models
dc.typeText

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