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This study develops a generic conceptual approach to modeling the livestock sector that provides better coverage of variables to ensure the consistency in the underlying biologics of the model and also provides consistent rules of specification. This approach is applied to modeling the...
Persistent link: https://www.econbiz.de/10009443043
The level of aggregation of reported data has limited the proper accounting of live animals in most, if not all, livestock models, making the consistency of their underlying biologics suspect. We develop an econometric methodology to decompose a wide range of aggregate data. This method is...
Persistent link: https://www.econbiz.de/10009443044
Many livestock sector models have limited coverage of relevant variables, and are somewhat ad hoc in their choice of what should be specified as behavioral equations. This study develops a generic conceptual approach to modeling the livestock sector that provides consistent rules of...
Persistent link: https://www.econbiz.de/10009443047
A model of a representative Canadian pork exporter is developed to examine the impacts of the exchange rate and its volatility on pork and live swine exports. The pork export supply equation is expressed as a function of the expected level of real exchange rate and a time-varying variance of...
Persistent link: https://www.econbiz.de/10009443048
The common treatment of a separate import demand specification in the literature is usually motivated by product differentiation. Most studies, however, proceed further with a separability assumption between domestic and imported product for data consideration and ease in estimation. In this...
Persistent link: https://www.econbiz.de/10009443068