A COMPARISON OF SIMULATION AND ANALYTICAL METHODS: A CASE STUDY OF THE EFFECTS OF DECOUPLING ON THE U.S. RICE INDUSTRY

The specification of a dynamic national rice industry model is presented. Model coefficients using two stage least squares and model validation statistics are presented. Short run and long run elasticities are compared with other studies. Simulation and analytical methods, for testing convergence and evaluating long run values, are compared. Differences, and their implications, with regard to the effects of decoupling policies are analyzed.


Issue Date:
Aug 04 1991
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/271171
Language:
English
Total Pages:
27




 Record created 2018-04-11, last modified 2020-10-28

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