IDEAS home Printed from https://ideas.repec.org/p/ags/eaa122/99367.html
   My bibliography  Save this paper

Agricultural policy analysis in Finland with the AGMEMOD model: Lessons to be learnt?

Author

Listed:
  • Niemi, Jyrki S.
  • Kettunen, Lauri

Abstract

The objective of this paper is to assess empirically the impacts of further reform of the Common Agricultural Policy (CAP) on the agri-food sector in Finland. To meet the objective, an econometric model for Finnish agriculture - built as a part of the AGMEMOD project - was utilised. The projection and policy simulations presented in the paper demonstrate that the model provides the basis for relatively straightforward baseline projection, and an initial framework for agricultural policy analysis. Yet, there remains substantial scope for further work on the model. In particular, the effects of big policy shocks are clearly not adequately captured by the model. The linear equations of supply together with low elasticities estimated from historical data generate simulation results, which do not in our opinion fully capture farmers’ reactions to these changes.

Suggested Citation

  • Niemi, Jyrki S. & Kettunen, Lauri, 2011. "Agricultural policy analysis in Finland with the AGMEMOD model: Lessons to be learnt?," 122nd Seminar, February 17-18, 2011, Ancona, Italy 99367, European Association of Agricultural Economists.
  • Handle: RePEc:ags:eaa122:99367
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/99367
    Download Restriction: no

    More about this item

    Keywords

    policy analysis; econometric models; Finland; commodity markets; Agricultural and Food Policy; C54; E17; Q18.;

    JEL classification:

    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:eaa122:99367. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/eaaeeea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.