Theoretical background and empirical supply estimates of the U.S. livestock sector
1981
Subotnik, A.
Extract: This report documents the theoretical background and the statistical structure of the U.S. livestock supply component that will become part of the U.S. country model in the IIASA (International Institute for Applied Systems Analysis) linkage system, a world wide modeling system created by the Institute in Austria. The methodological framework of the estimated statistical models is presented in Section I, where the literature on the capital asset approach to livestock modeling is reviewed and its implications explored. Section II deals with the empirical estimates of the following components of livestock supply: beef (including veal), dairy, pork, lamb and sheep (including wool production); and poultry (including eggs and turkey). It also discusses the empirical estimates of feed demand of corn, barley, sorghum, oats, wheat, roughage and hay, soybean meal and all other oilseed meals. Finally, in Section III, the dynamic properties of livestock supply are described and their implications explored.
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