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Accession Number
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PB2012-114844
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Title
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Dynamic PEATSim Model. Documenting Its Use in Analyzing Global Commodity Markets.
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Publication Date
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Jul 2012
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Media Count
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48p
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Personal Author
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A. Somwaru S. Dirkse
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Abstract
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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.
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Keywords
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Agricultural economics
Commodities
Economic analysis
Energy models
Fuels
Global aspects
International trade
Marketing
PEATSim
Prices
Supply and demand
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Source Agency
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Economic Research Service
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NTIS Subject Category
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98B - Agricultural Economics
96C - International Commerce, Marketing, & Economics
97K - Fuels
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Corporate Author
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Economic Research Service, Washington, DC.
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Document Type
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Technical report
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Title Note
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N/A
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NTIS Issue Number
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1226
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Contract Number
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N/A
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