INCORPORATING COMMODITY STOCKHOLDING BEHAVIOR INTO A SHORT-RUN GENERAL EQUILIBRIUM MODEL OF THE GLOBAL ECONOMY

Thomas Warren Hertel (), Jeffrey J. Reimer () and Ernesto Valenzuela ()

No 22110, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper incorporates commodity stockholding into a short run, stochastic global general equilibrium model. A mix of econometric and calibration techniques are used to reconcile model outcomes with historical stockholding and price behavior. The resulting framework is useful for analyzing policies in the short run or presence of production variability.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2003
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Persistent link: http://EconPapers.repec.org/RePEc:ags:aaea03:22110

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