Why the poor care about partial versus general equilibrium effects - Part I: methodology and country case
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...
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Food Policy Research Institute
2000
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| Acceso en línea: | https://hdl.handle.net/10568/156782 |
| _version_ | 1855513686285746176 |
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| author | Wobst, Peter |
| author_browse | Wobst, Peter |
| author_facet | Wobst, Peter |
| author_sort | Wobst, Peter |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | 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. |
| format | Artículo preliminar |
| id | CGSpace156782 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2000 |
| publishDateRange | 2000 |
| publishDateSort | 2000 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1567822025-11-06T05:04:22Z Why the poor care about partial versus general equilibrium effects - Part I: methodology and country case Wobst, Peter growth models equilibrium theory computable general equilibrium models gross domestic product agricultural economics 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. 2000 2024-10-24T12:45:28Z 2024-10-24T12:45:28Z Working Paper https://hdl.handle.net/10568/156782 en Open Access application/pdf International Food Policy Research Institute Wobst, Peter. 2000. Why the poor care about partial versus general equilibrium effects - Part I: methodology and country case. TMD Discussion Paper 60. https://hdl.handle.net/10568/156782 |
| spellingShingle | growth models equilibrium theory computable general equilibrium models gross domestic product agricultural economics Wobst, Peter Why the poor care about partial versus general equilibrium effects - Part I: methodology and country case |
| title | Why the poor care about partial versus general equilibrium effects - Part I: methodology and country case |
| title_full | Why the poor care about partial versus general equilibrium effects - Part I: methodology and country case |
| title_fullStr | Why the poor care about partial versus general equilibrium effects - Part I: methodology and country case |
| title_full_unstemmed | Why the poor care about partial versus general equilibrium effects - Part I: methodology and country case |
| title_short | Why the poor care about partial versus general equilibrium effects - Part I: methodology and country case |
| title_sort | why the poor care about partial versus general equilibrium effects part i methodology and country case |
| topic | growth models equilibrium theory computable general equilibrium models gross domestic product agricultural economics |
| url | https://hdl.handle.net/10568/156782 |
| work_keys_str_mv | AT wobstpeter whythepoorcareaboutpartialversusgeneralequilibriumeffectspartimethodologyandcountrycase |