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Accession Number PB2012-114844
Title Dynamic PEATSim Model. Documenting Its Use in Analyzing Global Commodity Markets.
Publication Date Jul 2012
Media Count 48p
Personal Author A. Somwaru S. Dirkse
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.
Keywords Agricultural economics
Commodities
Economic analysis
Energy models
Fuels
Global aspects
International trade
Marketing
PEATSim
Prices
Supply and demand


 
Source Agency Economic Research Service
NTIS Subject Category 98B - Agricultural Economics
96C - International Commerce, Marketing, & Economics
97K - Fuels
Corporate Author Economic Research Service, Washington, DC.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1226
Contract Number N/A

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