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GTAP Resource #4307

"Los impactos de la abolición de la PAC en la economía española, europea y mundial: resultados de una simulación con un modelo de equilibrio general aplicado"
by Ramos-Argudo, Ramon, George Philippidis and Julio Sanchez-Choliz

The aim of this paper is to quantitatively assess the long run economic impact of Common Agricultural Policy (CAP) abolition, where in particular, we focus on the Spanish economy. To carry out our analysis, we employ the Global Trade Analysis Project (GTAP) computable general equilibrium model with accompanying version 6 data. In its present incarnation, the data captures the global economy in 2001.
Our simulation defines a baseline that highlights the unilateral elimination of the agricultural domestic support in the EU. To characterise abolition of the CAP we remove all direct payments, Amber box support and intermediate input subsidies in the EU, all of it according to the benchmark equilibrium in 2001.
The experiment considers 23 sectors emphasizing primary agriculture and the food industry and 3 regions (Spain, rest of the EU and rest of the world).
The results suggest that Spain realises a small welfare gain from removal of the CAP with an agricultural trade balance deficit.

Resource Details (Export Citation) GTAP Keywords
Category: Other CGE Application
Status: Published
By/In: Revista Española de Estudios Agrosociales y Pesqueros, 215-216 (3-4), pp97-125
Date: 2007
Created: Philippidis, G. (11/24/2013)
Updated: Batta, G. (11/24/2013)
Visits: 994
- Agricultural policies
- Domestic policy analysis

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