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Partial Equilibrium Model As A Tool For Policy Analysis In Agriculture: An Empirical Evidence Of Macedonia

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  • Kotevska, Ana
  • Dimitrievski, Dragi
  • Erjavec, Emil

Abstract

Agricultural sector modeling based on partial equilibrium modelling of the supply and demand has become standard approach in the market outlooks and policy impact studies. The model builders and users reveal many pros and cons of the process and results of modelling. The Macedonian experience confirms some typical obstacles and at the same time faces some new ones with a local perspective. The paper provides a summary of the milestones in modelling the partial equilibrium model for the livestock-feed sector in Macedonia with main focus on the obstacles and limitations in the process. This experience is expected to be useful for the countries in the Western Balkan region planning to build a sector models based on partial equilibrium concept as a policy analysis tool.

Suggested Citation

  • Kotevska, Ana & Dimitrievski, Dragi & Erjavec, Emil, 2013. "Partial Equilibrium Model As A Tool For Policy Analysis In Agriculture: An Empirical Evidence Of Macedonia," 50th Anniversary Seminar, Agriculture and Rural Development -Challenges of Transition and Integration Processes, September 27, 2013 161772, University of Belgrade, Department of Agricultural Economics, Faculty of Agriculture.
    • Handle: RePEc:ags:ubgc50:161772
    DOI: 10.22004/ag.econ.161772
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    References listed on IDEAS

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    1. Salamon, Petra & Chantreuil, Frederic & Donnellan, Trevor & Erjavec, Emil & Esposti, Roberto & Hanrahan, Kevin F. & van Leeuwen, Myrna & Bouma, Foppe & Dol, Wietse & Salputra, Guna, 2008. "How to deal with the challenges of linking a large number of individual national models: the case of the AGMEMOD Partnership," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 57(08), pages 1-6.
    2. Allen, P. Geoffrey, 1994. "Economic forecasting in agriculture," International Journal of Forecasting, Elsevier, vol. 10(1), pages 81-135, June.
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    2. Ijambo, Bertha Deshimona, 2017. "An econometric analysis of spatial market integration and price formation in the Namibian sheep industry," Research Theses 334744, Collaborative Masters Program in Agricultural and Applied Economics.
    3. Tala H. Qtaishat & Mohammad S. El-Habbab & Dan P. Bumblauskas, 2019. "Welfare Economic Analysis of Lifting Water Subsidies for Banana Farms in Jordan," Sustainability, MDPI, vol. 11(18), pages 1-10, September.

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