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HomeModelling the Common Agricultural Policy with the Modular Agricultural GeNeral Equilibrium Tool (MAGNET)
Effects of the 2014-2020 CAP financial agreement on welfare, trade, factor and product markets
Modelling the Common Agricultural Policy with the Modular Agricultural GeNeral Equilibrium Tool (MAGNET)
Effects of the 2014-2020 CAP financial agreement on welfare, trade, factor and product markets
Publication metadata
This JRC report presents methodological development of the Modular Applied GeNeral Equilibrium Tool (MAGNET), a global computable general equilibrium (CGE) model, for representing the Common Agricultural Policy (CAP). Using original data on European Union (EU) domestic support, it examines some likely macroeconomic effects of the expected CAP 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.
- Published:
- Corporate author(s): Institute for Prospective Technological Studies (Joint Research Centre)
- Personal author(s): Philippidis, George ; Boulanger, Pierre
- Themes: Agricultural policy , Agricultural and fisheries research
- Subject: agrarian reform , agri-foodstuffs , agricultural policy , common agricultural policy , database , economic consequence , macroeconomics , market economy , research report , trade policy
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| ISSN 1831-9424 | ISBN 978-92-79-40331-6 | DOI 10.2791/12628 | Catalogue number LF-NA-26835-EN-N |
- Released on EU Publications:
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