2011 Updated Arkansas Global Rice Model

Eric J. Wailes and Eddie C. Chavez

No 102650, Staff Papers from University of Arkansas, Department of Agricultural Economics and Agribusiness

Abstract: The Arkansas Global Rice Model is based on a multi-country statistical simulation and econometric framework. The model is disaggregated by five world regions: Africa, the Americas, Asia, Europe, and Oceania. Each region includes country models which have a supply sector, a demand sector, a trade, stocks and price linkage equations. All equations used in this model are estimated using econometric procedures or identities. Estimates are based upon a set of explanatory variables including exogenous macroeconomic factors such as income, population, inflation rate, technology development, and especially, government determined policy variables which reflect the various mechanisms by which countries intervene in their rice sector economy. Individual country models are linked through net trade to recognize the interdependence of countries in the world rice economy.

Keywords: Agricultural and Food Policy; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 50
Date: 2011-04
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uarksp:102650

DOI: 10.22004/ag.econ.102650

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