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Modelling the Common Agricultural Policy. General equilibrium effects of the 2014-2020 budget agreement

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  • Boulanger, Pierre
  • Philippidis, George

Abstract

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.

Suggested Citation

  • Boulanger, Pierre & Philippidis, George, 2014. "Modelling the Common Agricultural Policy. General equilibrium effects of the 2014-2020 budget agreement," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182789, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae14:182789
    DOI: 10.22004/ag.econ.182789
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    1. Boulanger, Pierre H & Dudu, Hasan & Ferrari, Emanuele & M'barek, Robert & Philippidis, George, 2017. "2030 European agricultural policy: A new CAP at a crossroad between market competitiveness and sustainability," Conference papers 332882, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Boulanger, Pierre H & Philippidis, George & Jensen, Hans Grinsted, 2015. "EU agricultural domestic support in GTAP: a proposal for an alternative approach," Conference papers 332620, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Hasan Dudu & Emanuele Ferrari, 2018. "Estimation and Modelling Impacts of Pillar 2 Measures on the Agricultural Sector: Workshop proceedings," JRC Research Reports JRC111756, Joint Research Centre.

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