Title: Modelling the Common Agricultural Policy. General equilibrium effects of the 2014-2020 budget agreement
Citation: 2014 EAAE Congress - Agri-Food and Rural Innovations for Healthier Societies p. 1-12
Publisher: European Association of Agricultural Economists
Publication Year: 2014
JRC N°: JRC90619
URI: http://purl.umn.edu/182789
Type: Articles in periodicals and books
Abstract: This research work 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.
JRC Directorate:Growth and Innovation

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