Agricultural economy/Description: Difference between revisions

Revision as of 17:47, 9 December 2013

Parts of Agricultural economy/Description

Flowchart Agricultural economy. See also the Input/Output Table on the introduction page.

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 === Regional aggregation and trade ===
-MAGNET is flexible in its regional aggregation (129 regions). For the link with IMAGE, it distinguishes single European countries and, in addition to Europe, 22 large world regions, closely matching the regions in IMAGE (Figure {{ViewFigureTemplate|Region classification map.PNG}} IMAGE regions). Similar to most other CGE models, MAGNET assumes that products traded internationally are differentiated according to country of origin, i.e. domestic and foreign products are not fully identical, but are imperfect substitutes (the so-called Armington assumption ([[Armington, 1969]])).
+MAGNET is flexible in its regional aggregation (129 regions). For the link with IMAGE, it distinguishes single European countries and, in addition to Europe, 22 large world regions, closely matching the regions in IMAGE (Figure {{DisplayFigureTemplate|Region classification map.PNG}} IMAGE regions). Similar to most other CGE models, MAGNET assumes that products traded internationally are differentiated according to country of origin, i.e. domestic and foreign products are not fully identical, but are imperfect substitutes (the so-called Armington assumption ([[Armington, 1969]])).
 ===Land use===