@article{Boulanger:332380,
      recid = {332380},
      author = {Boulanger, Pierre and Philippidis, George and Vinyes,  Cristina},
      title = {The impacts of a CAP budget reform on the world economy: A  CGE assessment},
      address = {2013},
      pages = {14},
      year = {2013},
      note = {Presented at the 16th Annual Conference on Global Economic  Analysis, Shanghai, China},
      abstract = {This paper attempts to capture the implications for the  European Union (EU) and third countries of resource  reallocations in the Common Agricultural Policy (CAP)  budget provision for the period 2014-2020. It employs a  sophisticated dynamic variant of the GTAP model, known as  the Modular Applied General Equilibrium Tool (MAGNET)  model. Given the focus on agri-food markets, a number of  additional modelling features are incorporated to capture  the peculiarities of agricultural factor markets (e.g.  endogenous land supply, heterogeneous land usage;  agricultural/non-agricultural factor split) and  agricultural policy (e.g. decoupled payments, rural  development support). Of particular importance to this  study is the comparatively detailed treatment of the CAP  budget, with coverage of first and second pillar, where the  latter explicitly characterises between five distinct rural  development measures (i.e. physical investment, human  capacity, agri-environmental, less favoured areas, and  wider rural development). Finally, the 'own resources'  component of the European budget is also modelled, with  associated rebate mechanisms, in order to consider the  political economy of European budgetary reform.},
      url = {http://ageconsearch.umn.edu/record/332380},
}