The World Feed-Grains Trade Model: Specification, Estimation, and Validation

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dc.contributor.author Helmar, Michael
dc.contributor.author Devadoss, S.
dc.contributor.author Meyers, William
dc.contributor.department Center for Agricultural and Rural Development
dc.date 2018-02-17T13:13:12.000
dc.date.accessioned 2020-06-30T01:01:59Z
dc.date.available 2020-06-30T01:01:59Z
dc.date.embargo 2016-02-15
dc.date.issued 1991-03-01
dc.description.abstract <p>The feed-grains trade model is one of the three models in the world trade modeling system developed, updated, and maintained by the Center for Agricultural and Rural Development (CARD). The other two commodity trade models are for wheat and the soybeans complex. The three world models are related through cross-price linkages in the supply and demand components of these models, yet each model can be solved independently. In general, however, all three trade models are solved iteratively to obtain a simultaneous solution. Equilibrium prices, quantities of supply and demand, and net trade are determined by equating excess demands and supplies across regions and explicitly linking prices in each region to a world reference price.</p>
dc.identifier archive/lib.dr.iastate.edu/card_technicalreports/28/
dc.identifier.articleid 1013
dc.identifier.contextkey 8151593
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath card_technicalreports/28
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/12386
dc.source.bitstream archive/lib.dr.iastate.edu/card_technicalreports/28/91tr18.pdf|||Fri Jan 14 23:09:17 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Econometrics
dc.title The World Feed-Grains Trade Model: Specification, Estimation, and Validation
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isOrgUnitOfPublication 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d
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