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Recent developments in commodity modeling : a World Bankfocus

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  • Labys, Walter C.

Abstract

This paper provides insights into international commodity modeling by providing a survey of recent developments in this modeling area and by explaining how these developments interacted with and were applied within the Bank. Following a brief introduction into basic commodity modeling purposes, a fuller description is given of the nature of the various methodologies, and of recent advances in their formulation. The Bank's employment of these methodologies in constructing and operating a variety of commodity models is then discussed. While a perspective is provided regarding historical modeling developments within the Bank, most of the review is concerned with the Bank's recent success in utilizing these models for forecasting and market analysis purposes.

Suggested Citation

  • Labys, Walter C., 1988. "Recent developments in commodity modeling : a World Bankfocus," Policy Research Working Paper Series 119, The World Bank.
    • Handle: RePEc:wbk:wbrwps:119
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    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1988/10/01/000009265_3960927062947/Rendered/PDF/multi_page.pdf
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    References listed on IDEAS

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    Cited by:

    1. Vere, D. T. & Griffith, G. R., 2004. "Structural econometric modelling in Australia's livestock production and marketing systems: the potential benefits of model integration for industry analysis," Agricultural Systems, Elsevier, vol. 81(2), pages 115-131, August.

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