This paper discusses the structural equations, forecasting properties, dynamic characteristics, and economic policy implications of a quarterly econometric model of U.S. livestock and feedgrain markets. Quarterly, semi-annual, and annual endogenous variables are incorporated by allowing individual structural equations to be estimated and to enter into the solution of the model with different periodicities. Commodity prices are determined by market equilibrium conditions rather than by autoregressive and other time-series techniques. Dynamic multipliers give the effect of changes in corn exports, beef imports, government grain stocks, corn yield, consumer income, and the support price for corn on producer and retail prices and acreage planted.
Arzac, Enrique, and Maurice Wilkinson. "A Quarterly Econometric Model of the United States Livestock and Grain Markets and Some of Its Policy Implications." American Journal of Agricultural Economics 61, no. 2 (May 1979): 297-308.
Each author name for a Columbia Business School faculty member is linked to a faculty research page, which lists additional publications by that faculty member.
Each topic is linked to an index of publications on that topic.