Removal of farm subsidies in a regional economy: a computable general equilibrium analysis

Miguel, Francisco Javier de; Manresa, Antonio

Bibtex export

@article{ Miguel2008,
 title = {Removal of farm subsidies in a regional economy: a computable general equilibrium analysis},
 author = {Miguel, Francisco Javier de and Manresa, Antonio},
 journal = {Applied Economics},
 number = {16},
 pages = {2109-2120},
 volume = {40},
 year = {2008},
 doi = {https://doi.org/10.1080/00036840600949371},
 urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-240830},
 abstract = {The  purpose of this paper is to analyse the importance of farm subsidies for the Extremadura economy. To this end, a computable general equilibrium model for this region is presented, with which we analyse the economic effects caused by a simulated removal of these subsidies. Different scenarios involving the labour market rigidities and tax compensation are considered. Model parameters are determined by the procedure known as calibration, using a social accounting matrix constructed for this economy. The results clearly show the negative effects that this elimination would produce on the main micro and macroeconomic variables.},
}