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Review of Marketing and Agricultural Economics >
Volume 55, Number 03, December 1987 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/12431
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| Title: | Agricultural Supply Response in ORANI |
| Authors: | Adams, Philip D. |
| Issue Date: | 1987-12 |
| Abstract: | In the ORANI general equilibrium model, the supply behaviour of agricultural industries is the crucial element shaping the response of agriculture as a whole to any exogenous shock. In this paper, elasticity formulae which measure agricultural supply behaviour in the model are derived. These elasticities are found to be very sensitive to year-on year changes in the level of agricultural profitability, embodied within the model's data base. The appropriate procedure, therefore, is to construct a synthetic data set designed to capture the agricultural sector in a recent average year. Supply elasticities based upon these data represent the "preferred" estimates of this study. |
| URI: | http://purl.umn.edu/12431 |
| Institution/Association: | Review of Marketing and Agricultural Economics>Volume 55, Number 03, December 1987 |
| Total Pages: | 17 |
| Language: | English |
| From Page: | 213 |
| To Page: | 229 |
| Collections: | Volume 55, Number 03, December 1987
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| 55030213.pdf | 801Kb | PDF | View/Open |
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