PRICE ELASTICITIES FROM THE IIASA WORLD AGRICULTURE MODEL

Ralph Seeley

No 277684, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Implied 2-year to 10-year price responses from the May 1984 IIASA world agriculture model are described. Net trade quantity changes with respect to percent world price changes are presented, as well as elasticities of supply, demand, net trade, and world-to-domestic price transmission. The regions include the EEC, Japan, Brazil, Argentina, Australia, Canada, Thailand, India, Egypt, Nigeria, and the world less the United States. Commodities shown are wheat, coarse grains, protein feed, ruminant meat, dairy, and other animal products. Implied second-year elasticities of net export demand facing the United States for wheat, coarse grains, and protein feed are -1.5, -1.7, and -1.5, respectively. Selected elasticities are compared with those from the 1978 GOL (grains, oilseeds, and livestock) model. Differences, particularly concerning price transmission and protein feed, are noted.

Keywords: Demand and Price Analysis; International Relations/Trade (search for similar items in EconPapers)
Pages: 47
Date: 1985-05
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:277684

DOI: 10.22004/ag.econ.277684

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