The response of export demand to price changes for selected agricultural products did not become elastic over the 1969-77 period. This report is the first to test empirically the hypothesis that, during the 1970's, competition increased and the United States became a marginal exporter of farm...

This report documents the updated version of the Partial Equilibrium Agricultural Trade Simulation (PEATSim) model developed by USDA’s Economic Research Service. PEATSim is a global model, covering 31 commodities and 27 countries/regions. The model, consistent with economic theory, provides a...