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GTAP Resources: Resource Display

GTAP Resource #2628

"Top Down, and a little Bottom Up: Modelling EU Agricultural Policy Liberalization with LEITAP and ESIM"
by Banse, Martin and Harald Grethe

Partial equilibrium (PE) models depict markets for a selected set of products. Implicitly, they consider these markets as having no effects on the rest of the economy, and thus the rest of the economy is treated as exogenous. They can provide much product detail and are flexible in representing complex agricultural policy instruments. In contrast, agricultural policies are often modelled in a less detailed fashion in general equilibrium (GE) models mainly because of the high aggregation of products and less flexibility in the depiction of agricultural policies. But GE models are well suited to depict the manifold interactions between agriculture and other sectors in the economy. This aspect is of increasing importance after the EU accession of the New Member States (NMS) from EU-10 and Bulgaria and Romania, as the agricultural sector plays a much more important role in some of these economies than in the EU-15. In order to combine the advantages of both model types, the PE model ESIM (European Simulation Model)and the GE model LEITAP are combined to analyze agricultural policy scenarios in this paper.

Resource Details (Export Citation) GTAP Keywords
Category: 2008 Conference Paper
Status: Published
By/In: Presented at the 11th Annual Conference on Global Economic Analysis, Helsinki, Finland
Date: 2008
Created: Banse, M. (4/9/2008)
Updated: Banse, M. (4/16/2008)
Visits: 1,957
- Agricultural policies
- Baseline development
- European Union

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