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Documentation of the Elasticities Underlying the Current Grains, Oilseeds, and Livestock (GOL) Model

Author

Listed:
  • Bishop, Robert V.

Abstract

Excerpt from the paper: This paper presents all of the price elasticities currently contained in the World Grain, Oilseeds and Livestock (GOL) Model. The elasticities presented here differ from those listed in Alternative Futures for World Food in 1985, Volume 3 (FAER 151) since many of the intercept terms of the model’s equations have been adjusted as new information has become available. The first part of this paper describes the construction of the "synthesized coefficients" in each of the equations. The second part describes the effect of changing intercept terms on the assumed elasticities underlying the model.

Suggested Citation

  • Bishop, Robert V., 1980. "Documentation of the Elasticities Underlying the Current Grains, Oilseeds, and Livestock (GOL) Model," Economics Statistics and Cooperative Services (ESCS) Reports 333356, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerscs:333356
    DOI: 10.22004/ag.econ.333356
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