Modelling of the Slovak Agricultural Markets - AG-MEMOD Approach

Abstract

Slovak sectoral partial equilibrium econometric model based on AG-MEMOD approach is used to analyse the development of the selected Slovak agricultural markets after EU accession. Simulation results for cereals and meats are provided in this poster. Two scenarios are analysed: non-accession baseline and accession with adoption of single area payment scheme. EU accession is expected to increase prices of most products, the biggest increase of prices will occur in animal sector. Because of higher prices consumption will go down. Decrease of consumption will be mitigated by income growth. Production will not increase substantially due to decoupling of direct payments. Trade balance for majority of products will improve.partial equilibrium econometric model, Slovak agricultural markets, EU accession, CAP, Industrial Organization,