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Removal of farm subsidies in a regional economy: a computable general equilibrium analysis
[Zeitschriftenartikel]
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 in... mehr
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.... weniger
Sprache Dokument
Englisch
Publikationsjahr
2008
Seitenangabe
S. 2109-2120
Zeitschriftentitel
Applied Economics, 40 (2008) 16
DOI
https://doi.org/10.1080/00036840600949371
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)