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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 504817
Title Factor Markets in General Computable Equilibrium Models
Author(s) Banse, M.; Rothe, A.; Shutes, L.J.; Meijl, J.C.M. van; Tabeau, A.A.; Woltjer, G.B.; Dixon, Peter; Rimmer, Maureen
Source CEPS (Working Paper Factor Markets 47) - 64 p.
Department(s) LEI INT BELEID - Internationale Handel & Markten
LEI Programmamanagement
LEI INT BELEID - Landbouwbeleid
Publication type Scientific report
Publication year 2013
Abstract One objective of Computable general equilibrium (CGE) models is the analysis of economywide
effects of policy measures. The focus of the Factor Markets project is to analyse the
functioning of factor markets for agriculture in the EU-27, including the Candidate
Countries. While agricultural and food markets are fully integrated in a European single
market, subject to an EU-wide common policy, the Common Agricultural Policy (CAP), this is
not the case for the agricultural factor markets capital, labour and land. There are partly
serious differences with regard to member state regulations and institutions affecting land,
labour and capital markets. The presentation of this heterogeneity of factor markets amongst
EU Member States have been implemented in the CGE models to improve model-based
analyses of the CAP and other policy measures affecting agricultural production.
This final report comprises the outcome of a systematic extension and improvement of the
Modular Applied GeNeral Equilibrium Tool (MAGNET) model starting from an overview of
the current state of the art to represent factor markets in CGE models to a description of
work on labour, land and capital in MAGNET.
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