2011 Updated Arkansas Global Rice Model

The Arkansas Global Rice Model is based on a multi-country statistical simulation and econometric framework. The model is disaggregated by five world regions: Africa, the Americas, Asia, Europe, and Oceania. Each region includes country models which have a supply sector, a demand sector, a trade, stocks and price linkage equations. All equations used in this model are estimated using econometric procedures or identities. Estimates are based upon a set of explanatory variables including exogenous macroeconomic factors such as income, population, inflation rate, technology development, and especially, government determined policy variables which reflect the various mechanisms by which countries intervene in their rice sector economy. Individual country models are linked through net trade to recognize the interdependence of countries in the world rice economy.


Keywords:
Issue Date:
2011-04
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/102650
Total Pages:
50
JEL Codes:
CO2; C61; F11; F14; Q17; Q18
Series Statement:
Staff Paper
01-2011




 Record created 2017-04-01, last modified 2017-08-26

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