A COMPARISON OF SIMULATION AND ANALYTICAL METHODS: A CASE STUDY OF THE EFFECTS OF DECOUPLING ON THE U.S. RICE INDUSTRY

Lois Schertz Willett and Satoko Watanabe

No 271171, 1991 Annual Meeting, August 4-7, Manhattan, Kansas from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The specification of a dynamic national rice industry model is presented. Model coefficients using two stage least squares and model validation statistics are presented. Short run and long run elasticities are compared with other studies. Simulation and analytical methods, for testing convergence and evaluating long run values, are compared. Differences, and their implications, with regard to the effects of decoupling policies are analyzed.

Keywords: Crop Production/Industries; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 27
Date: 1991-08-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea91:271171

DOI: 10.22004/ag.econ.271171

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