Repository of macro models
This repository contains descriptions of macro-models which relate to papers published or forthcoming in Economic Modelling
Title of the model: An AGE model for Novel Protein Foods and environmental quality(NPFEQ model)
Authors: Xueqin Zhu, Department of Spatial Economics, Free University Amsterdam and Netherlands Bureau for Economic Policy Analysis and Ekko C. van Ierland, Environmental Economics and Natural Resources Group, Wageningen University, The Netherlands
Vol./Issue No.: 22/4
Short description:
We develop a theoretical Applied General Equilibrium (AGE) model that
explicitly includes the environmental input in production functions and
the consumers’ preferences for environmental quality in utility
functions. We empirically apply the model to provide some insights into
the effects of the enhanced consumption of Novel Protein Foods (NPFs)
and to assess the effects of a higher consumers’ willingness to
pay for the protection of the environment in the Europe Union (EU). This
model for NPFs and environmental quality (i.e. the NPFEQ model) covers
three regions: the EU, the other OECD countries (OOECD) and rest of the
world (ROW). We find that these preference changes impact the pork production
and consumption as well as ammonia (NH3) emissions. Sensitivity analysis
shows that the results are more sensitive to the value of the elasticity
of utility with respect to environmental quality than to that of the substitution
elasticity between pork and NPFs.
JEL classification: C68; D58; Q18
Keywords: AGE models; Environmental economic modelling, Novel Protein Foods, Pork.
County/continent/region: EU
Linkage address :
http://www.socialsciences.wur.nl/enr/npfeq
Disclaimer: Responsibility for the full model structures of the models in this repository rests solely with the authors.