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capri:concept:market [2011/04/04 14:33] – created ::1 | capri:concept:market [2014/04/11 12:37] – external edit 127.0.0.1 | ||
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quantities are expressed in physical primary product equivalent according to the concept of Supply Utilization Accounts of FAO. The global market | quantities are expressed in physical primary product equivalent according to the concept of Supply Utilization Accounts of FAO. The global market | ||
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tend to increase quadratically with the number of country blocks in a spatial model, not all countries of the world are covered individually. | tend to increase quadratically with the number of country blocks in a spatial model, not all countries of the world are covered individually. | ||
- | Rather, CAPRI uses <A HREF=" | + | Rather, CAPRI uses <A HREF=" |
Some of the trade blocks, as EU15 or EU10 are broken down to individual countries to allow for a welfare analysis at the country level so that the model | Some of the trade blocks, as EU15 or EU10 are broken down to individual countries to allow for a welfare analysis at the country level so that the model | ||
- | differentiates between | + | differentiates between |
trade flows are based on the Armington assumption which uses a CES utility function to aggregate from single trade flows to total | trade flows are based on the Armington assumption which uses a CES utility function to aggregate from single trade flows to total | ||
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market appearances so that trade shares depend on price relations. Two CES nests are applied: one to break total market appearances | market appearances so that trade shares depend on price relations. Two CES nests are applied: one to break total market appearances | ||
- | into from domestic production and imports, and a second one to break imports into individual origins. | + | into from domestic production and imports, and a second one to break imports into individual origins. |
is differentiated by origin and determines the willingness to pay of the consumer.</ | is differentiated by origin and determines the willingness to pay of the consumer.</ | ||
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are differentiated by origin to capture bi-lateral trade agreements or preferences, | are differentiated by origin to capture bi-lateral trade agreements or preferences, | ||
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differentiates between global TRQs where the import tariffs of all importers depends on total imports, and bi-lateral TRQs where import prices of a specific importer | differentiates between global TRQs where the import tariffs of all importers depends on total imports, and bi-lateral TRQs where import prices of a specific importer | ||
- | depend on the specific trade flow. Equally, so-called flexible levies for cereals and minimum import prices for fruits and vegetables are included, again leading to | + | depend on the specific trade flow. Exporters first fill their bi-laterally assigned TRQs before they export into global ones. Equally, so-called flexible levies for cereals and minimum import prices for fruits and vegetables are included, again leading to endogenous tariffs.</ |
- | endogenous tariffs.</ | ||
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intervention quantities.</ | intervention quantities.</ | ||
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- | returned. The normalization is based on price index which captures the price of all non-agricultual products. The calibration | + | returned. The normalization is based on a price index which captures the price of all non-agricultual products. The calibration |
- | of the parameters includes a Cholesky-Decomposition to ensure that the parameter matrix is strictly definite to ensure the convexity of the soluion | + | of the parameters includes a Cholesky-Decomposition to ensure that the parameter matrix is strictly definite to ensure the convexity of the solution |
Processing demand is driven by processing margins.</ | Processing demand is driven by processing margins.</ | ||
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10 seconds.</ | 10 seconds.</ | ||
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</ | </ | ||
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