Partial equilibrium model of Czech beef trade

Michal Maly, Zdenka Mala, L. Sobrova and P. Halova

AGRIS on-line Papers in Economics and Informatics, 2011, vol. 03, issue 2, 12

Abstract: The paper is focused on the modeling of a partial equilibrium on the beef market in the Czech Republic. The goal of the paper is a construction and a quantification of a partial equilibrium model of mentioned trade, used for simulation purpose and enabling delimitation of main determinants of beef supply and demand. Data was gained from standard statistical reports of the Ministry of Agriculture and from Statistics of Households Accounts from the year 1995 – 2009. Proposed model respects three levels of beef chain – farmer, processer and consumer. Simultaneously, it respects trade flows on an open market. From the functional point of view, it respects nonlinearity of suppose relationships. The model was quantified by OLS with respects of recursive relationship between endogenous variables. The model is robust enough to be used for simulations. The paper resulted from contribution to an institutional research project MSM 6046070906.

Keywords: Agribusiness; Agricultural and Food Policy; Production Economics; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aolpei:109736

DOI: 10.22004/ag.econ.109736

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