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Partial equilibrium model of Czech beef trade

Author

Listed:
  • Maly, Michal
  • Mala, Zdenka
  • Sobrova, L.
  • Halova, P.

Abstract

The paper is focused on the modeling of a partial equilibrium on the beef market in the Czech Republic. The goal of the paper is a construction and a quantification of a partial equilibrium model of mentioned trade, used for simulation purpose and enabling delimitation of main determinants of beef supply and demand. Data was gained from standard statistical reports of the Ministry of Agriculture and from Statistics of Households Accounts from the year 1995 – 2009. Proposed model respects three levels of beef chain – farmer, processer and consumer. Simultaneously, it respects trade flows on an open market. From the functional point of view, it respects nonlinearity of suppose relationships. The model was quantified by OLS with respects of recursive relationship between endogenous variables. The model is robust enough to be used for simulations. The paper resulted from contribution to an institutional research project MSM 6046070906.

Suggested Citation

  • Maly, Michal & Mala, Zdenka & Sobrova, L. & Halova, P., . "Partial equilibrium model of Czech beef trade," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 3(2), pages 1-12.
    • Handle: RePEc:ags:aolpei:109736
    DOI: 10.22004/ag.econ.109736
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    References listed on IDEAS

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    1. Baltagi, Badi H. & Jung, Byoung Cheol & Song, Seuck Heun, 2010. "Testing for heteroskedasticity and serial correlation in a random effects panel data model," Journal of Econometrics, Elsevier, vol. 154(2), pages 122-124, February.
    2. Souza, Geraldo da Silva e & Alves, Eliseu Roberto de Andrade & Gazzola, Rosaura & Marra, Renner, . "The meat market in Brazil: a partial equilibrium model," Brazilian Journal of Rural Economy and Sociology (Revista de Economia e Sociologia Rural-RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 46(4), pages 1-20.
    3. Moro, Daniele & Sckokai, Paolo & Soregaroli, Claudio, 2002. "A Partial Equilibrium Model of the Beef and Dairy Sector in Italy Under Imperfect Competition," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24787, European Association of Agricultural Economists.
    4. Baltagi, Badi H. & Song, Seuck Heun & Kwon, Jae Hyeok, 2009. "Testing for heteroskedasticity and spatial correlation in a random effects panel data model," Computational Statistics & Data Analysis, Elsevier, vol. 53(8), pages 2897-2922, June.
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