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Dynamic PEATSim Model: Documenting Its Use in Analyzing Global Commodity Markets

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  • Somwaru, Agapi
  • Dirkse, Steve

Abstract

This report documents the updated version of the Partial Equilibrium Agricultural Trade Simulation (PEATSim) model developed by USDA’s Economic Research Service. PEATSim is a global model, covering 31 commodities and 27 countries/regions. The model, consistent with economic theory, provides a flexible country and commodity aggregation and accounts for cross-commodity linkages and interactions. The report includes a presentation and discussion of the structure and specific features of the revamped model, along with the theoretical underpinnings. It also documents an application of the model to illustrate its dynamic structure and to demonstrate the differential behavior.

Suggested Citation

  • Somwaru, Agapi & Dirkse, Steve, 2012. "Dynamic PEATSim Model: Documenting Its Use in Analyzing Global Commodity Markets," Technical Bulletins 129359, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerstb:129359
    DOI: 10.22004/ag.econ.129359
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    References listed on IDEAS

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    Cited by:

    1. John C. Beghin & Jean-Christophe Bureau & Alexandre Gohin, 2017. "The Impact of an EU–US Transatlantic Trade and Investment Partnership Agreement on Biofuel and Feedstock Markets," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(2), pages 321-344, June.
    2. Beghin, John C. & Bureau, Jean-Christophe & Gohin, Alex, 2014. "The Impact of an EU-US TTIP Agreement on Biofuel and Feedstock Markets," 2014: Food, Resources and Conflict, December 7-9, 2014. San Diego, California 197153, International Agricultural Trade Research Consortium.
    3. Nigatu, Getachew & Hjort, Kim & Hansen, James & Somwaru, Agapi, 2014. "The Impacts of Energy Prices on Global Agricultural Commodity Supply," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169953, Agricultural and Applied Economics Association.
    4. John C. Beghin & Jean-Christophe Bureau & Alexandre Gohin, 2017. "The Impact of an EU–US Transatlantic Trade and Investment Partnership Agreement on Biofuel and Feedstock Markets," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(2), pages 321-344, June.
    5. James D. A. Millington & Hang Xiong & Steve Peterson & Jeremy Woods, 2017. "Integrating Modelling Approaches for Understanding Telecoupling: Global Food Trade and Local Land Use," Land, MDPI, vol. 6(3), pages 1-18, August.
    6. Gohin, Alexandre & Levert, Fabrice & Forslund, Agneta, 2017. "The EU Argentinean Trade Dispute on Biodiesel: An Economic Assessment," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 66(1), March.
    7. Yosuke Munesue & Toshihiko Masui & Takesato Fushima, 2015. "The effects of reducing food losses and food waste on global food insecurity, natural resources, and greenhouse gas emissions," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 17(1), pages 43-77, January.
    8. Tahsin Jilani & Tomoko Hasegawa & Yuzuru Matsuoka, 2015. "The future role of agriculture and land use change for climate change mitigation in Bangladesh," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(8), pages 1289-1304, December.

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    Keywords

    Agricultural and Food Policy; International Relations/Trade; Research Methods/ Statistical Methods;
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