@article{Wobst:16283,
      recid = {16283},
      author = {Wobst, Peter},
      title = {WHY THE POOR CARE ABOUT PARTIAL VERSUS GENERAL EQUILIBRIUM  EFFECTS - PART 1, METHODOLOGY AND COUNTRY CASE},
      address = {2000},
      number = {607-2016-40301},
      series = {TMD Discussion Paper 60},
      pages = {27},
      year = {2000},
      abstract = {The paper compares the effects of productivity growth in  agriculture in a standard
CGE model and an adjusted CGE  model with special features in order to replicate
partial  equilibrium behavior of traded agricultural sectors within  a general equilibrium
framework. The fixed-price, partial  equilibrium CGE model shows a strong multiplier
effect so  that total GDP, factor earnings, and household incomes  increase with the
productivity growth in agriculture. In  comparison, the standard CGE model generates
much more  diverse sectoral behavior, stronger trade through shifts in  the exchange
rate, and a less equitable income distribution  among farm and non-farm households.},
      url = {http://ageconsearch.umn.edu/record/16283},
      doi = {https://doi.org/10.22004/ag.econ.16283},
}