Modular Applied General Equilibrium Tool (MAGNET)

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MAGNET is a modular global computable general equilibrium model that covers every sector in the economy and has been used extensively in agricultural, environmental, and trade policy analysis.



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This tool is included in the Development Impacts Assessment (DIA) Toolkit from the LEDS Global Partnership.

Approach

MAGNET is based on the Global Trade Analysis Project (GTAP) model and focuses on the agricultural sector and the associated land use. It analyzes the impacts of food production and consumption on greenhouse gas emissions and loss of biodiversity. The MAGNET model covers the whole economy, including factor markets, and can be used in the analysis of rural development, bi- and multilateral trade negotiations, biofuel policies and European Union's Common Agricultural Policy (CAP). MAGNET's philosophy is to lower entry barriers for CGE analyses.


When to Use This Tool

This tool is most useful for development impacts assessments focused on:

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Social

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Economic

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Environmental

Learn more about the topics for assessing the impacts of low-emission development strategies (LEDS).

Key Outputs

Impacts of food production and consumption on greenhouse gas emissions and loss of biodiversity.



How to Use This Tool

Training Available
None provided; Computable General Equilibrium (CGE)/economic modeling knowledge recommended

Level of Expertise
Advanced

Key Inputs

Economic, energy, agricultural, and land use data



Case Studies

Examples of how Modular Applied General Equilibrium Tool (MAGNET) has helped people assessing the impacts of low-emission development strategies in countries and regions:

This paper presents results from modeling labor, land use and capital in MAGNET: http://ageconsearch.umn.edu/bitstream/155705/2/FM%20WP47%20Factor%20Markets%20in%20GE%20Models.pdf





References