Large-scale model ‘MAGNET’

Rationale of use

MAGNET (Modular Applied GeNeral Equilibrium Tool) is a global general equilibrium model that has been widely used to simulate the impacts of agricultural, trade, land and bioenergy policies on the global economy with a particular focus on the impacts on land use, agricultural prices, nutrition and household food security.

Functioning

The tool uses a modular setup to simulate various scenarios, from trade policies to climate change, integrating sectors like agriculture, manufacturing, services, biofuels, and emissions.

Types of outputs

The tool delivers outputs on trade flows, commodity production, consumption, and prices, along with economic indicators like GDP and employment, as well as environmental data on resource use and emissions.

Relevant CAP objective

All

Sources

https://www.magnet-model.eu/