The Future of EU Agricultural Markets by AGMEMOD [Paperback]

This book grasps the opportunity to show the strength of AGMEMOD in terms of baseline analysis at detailed regional and market levels, supported by an experienced team of country-based modellers. This analysis, produced using the AGMEMOD model, will be of interest to researchers working in the field of agricultural policy analysis as well as to policy makers from both the European Commission and its member states agriculture ministries.AGMEMOD (Agricultural Member States Modelling) is a multi-product partial equilibrium model the EU deploys to analyse agricultural commodity markets. This book shows its strength in terms of baseline analysis at detailed regional and market levels.

PART I

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Introduction

1. Background

1.1 Origins of EU and CAP

1.1.1 Recent CAP Reforms

1.1.2 Future Evolution of CAP

1.2 Modelling the CAP at Member State Level

1.2.1 Heterogeneity of EU Agriculture

1.2.2 Heterogeneity of EU Agricultural Policy

1.2.3 Heterogeneity of CAP Outcomes

1.3 Model Features

1.4 Economic Models of European Agriculture

1.5 The Baseline Concept

1.6 Conclusion

2. Model Structure and Parameterisation

2.1 PE Model Structure

2.2 AGMEMOD Model Structure

2.2.1 Country and Commodity Coverage

2.2.2 Functional Form

2.2.3 Price Formation and Market Closure

2.3 Estimating and Testing

2.4 Policy Modelling

2.5 Conclusion

3. AGMEMOD Model

3.1 Database

3.1.1 Mnemonics Protocol

3.1.2 Endogenous Variables

3.1.3 Exogenous Variables

3.1.4 Data Generator Tool