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Analyzing the Economic Impact of National Beef Import Level Changes on the Virginia Beef and Pork Sectors

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  • Baum, Kenneth
  • Safyurtlu, Ali N.
  • Purcell, Wayne

Abstract

Dynamic, recursive simulation models for the national livestock-feed sector have been designed by agricultural economists for the specific purpose of making long-run projections and evaluating alternative agriculture policies (Reynolds et al.; Yanagida and Conway). While these models are useful for describing the workings of the national grain and livestock sectors, they are incomplete for policy evaluation purposes at a subnational or state level (Knapp et al.; Maki et al.). In these situations, unless state or regional production and marketing patterns are represented as a constant percentage of the national model solution values, the impact of changes in a state's crop or livestock production relative to other states and alternative policy decisions cannot be considered (Ratajczak). Consequently, a state model must be able to reflect the impact of national and international policies and events to be effective and functional (Colyer and Irwin).

Suggested Citation

  • Baum, Kenneth & Safyurtlu, Ali N. & Purcell, Wayne, 1981. "Analyzing the Economic Impact of National Beef Import Level Changes on the Virginia Beef and Pork Sectors," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 13(2), pages 111-118, December.
  • Handle: RePEc:cup:jagaec:v:13:y:1981:i:02:p:111-118_02
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    Cited by:

    1. Roberts, Roland K. & Martin, William J., 1984. "State-Level Analysis of National Beef Policy: The Use of State Econometric Models," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 16(2), pages 63-72, December.

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