Model Structure and Parameterisation

R. Esposti, G. Salputra, F. Chantreuil, K.F. Hanrahan, P. Salamon, A.A. Tabeau

    Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

    Abstract

    This chapter provides a general description of the AGMEMOD model’s
    structure including its country and commodity coverage. We present the general
    form of a PE model and the AGMEMOD general form with specifi c examples
    of crops, livestock and dairy. Important features associated with the treatment of
    policy within the model are highlighted, in particular, market price support,
    direct payments and supply control. We describe how policy harmonisation
    addresses the incorporation of the diverse range of direct income supports and
    discuss the concept of key price and key price equations. The introduction of
    border protection and export competition measures in the model is also
    discussed.
    Original languageEnglish
    Title of host publicationThe Future of EU Agricultural Markets by AGMEMOD
    EditorsF. Chantreuil
    PublisherSpringer
    Pages21-44
    ISBN (Print)9789400722910
    DOIs
    Publication statusPublished - 2012

    Keywords

    • AGMEMOD general form
    • Model closure
    • Model estimation
    • Model-specification
    • Partial equilibrium model
    • Policy harmonisation
    • Price formation

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