The crops model: structural equations, definitions, and selected impact multipliers
1980
Baumes, H.S. Jr | Meyers, W.H.
Abstract: This manuscript presents the behavioral relationships, identities, data definitions, and key first round impact multipliers for the Policy System's Crops Model. The Crops Model consists of three sub-models: 1) the Feed Grain Model, 2) the Wheat Model, and 3) the Soybean Model. Each of these models may be solved, when operationalized on a computer, independently or in any combination with the others. The models are linked through pricing mechanism, and, when solved, determine equilibrium supply, utilization, and price levels simultaneously. The Crops Model is also linked to the livestock sector, domestic macro-economy, and the foreign market exogenously.
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