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Updating and Recalibrating Equilibrium Displacement Models of the Australian Livestock Industries: Pig Meat

Author

Listed:
  • Zhang, Yue
  • Mounter, Stuart
  • Griffith, Garry

Abstract

In this paper, we report on a recent update of an equilibrium displacement model of the Australian pig meat industry. New price and quantity data for the period 2012-2016 are described and compared to values used in two previous versions of the model. Elasticity parameters are kept the same. Then two hypothetical simulations are run, one for a farm productivity improvement and one for a consumer demand expansion, and the results of these simulations are reported and compared with identical simulations previously reported for the earlier versions of the model.

Suggested Citation

  • Zhang, Yue & Mounter, Stuart & Griffith, Garry, 2018. "Updating and Recalibrating Equilibrium Displacement Models of the Australian Livestock Industries: Pig Meat," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 26.
    • Handle: RePEc:ags:auagre:285020
    DOI: 10.22004/ag.econ.285020
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    Cited by:

    1. Sinnett, Alex & Dunshea, Frank & D’Souza, Darryl & Malcolm, Bill & Griffith, Garry, 2022. "A Benefit Cost Analysis of Entire Male Pig Immuno-castration," AFBM Journal, Australasian Farm Business Management Network, vol. 19(1), December.
    2. Lana Awada & Peter W. B. Phillips, 2021. "The distribution of returns from land efficiency improvement in multistage production systems," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(1), pages 73-92, March.

    More about this item

    Keywords

    Livestock Production/Industries;

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