MIRAGE, Updated Version of the Model for Trade Policy Analysis Focus on Agriculture and Dynamics: Summary

MIRAGE is a multi-region, multi-sector computable general equilibrium model, devoted to trade policy analysis. It incorporates imperfect competition, horizontal and vertical product differentiation, and foreign direct investment, in a sequential dynamic set-up where installed capital is assumed to b...

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Bibliographic Details
Published in:Policy File 2007
Main Authors: Decreux, Yvan, Valin, Hugo
Format: Report
Language:English
Subjects:
Agriculture
Centre d'Etudes Prospectives et d'Informations Internationales
International trade
International/Economic development
Online Access:Request full text
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Summary:MIRAGE is a multi-region, multi-sector computable general equilibrium model, devoted to trade policy analysis. It incorporates imperfect competition, horizontal and vertical product differentiation, and foreign direct investment, in a sequential dynamic set-up where installed capital is assumed to be immobile. Adjustment inertia is linked to capital stock reallocation. MIRAGE draws upon a very detailed measure of trade barriers and of their evolution under given hypotheses, thanks to the MAcMap database. The most recent version, presented in this document, offers improvements in the modelling of agriculture policy and dynamics.