A Quarterly Model of U.S. Dairy Sector and Some of Its Policy Implications

Paul Westcott ()

No 157018, Technical Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: A quarterly econometric model of the U.S. dairy sector has been developed for use in short-to medium-term outlook and policy analyses. Simulations of the model indicate that it performs quite well both during the estimation period and during an eight-quarter interval beyond the estimation period. The model is used to estimate the effects of the recent 15-month paid diversion program and to examine some implications of three price support policy alternatives. Dynamic system multipliers are derived for personal disposable income, feed prices, cattle prices, and milk prices.

Keywords: Agricultural and Food Policy; Demand and Price Analysis; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 43
Date: 1986-04
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerstb:157018

DOI: 10.22004/ag.econ.157018

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