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2011 Updated Arkansas Global Rice Model

Author

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  • Wailes, Eric J.
  • Chavez, Eddie C.

Abstract

The Arkansas Global Rice Model is based on a multi-country statistical simulation and econometric framework. The model is disaggregated by five world regions: Africa, the Americas, Asia, Europe, and Oceania. Each region includes country models which have a supply sector, a demand sector, a trade, stocks and price linkage equations. All equations used in this model are estimated using econometric procedures or identities. Estimates are based upon a set of explanatory variables including exogenous macroeconomic factors such as income, population, inflation rate, technology development, and especially, government determined policy variables which reflect the various mechanisms by which countries intervene in their rice sector economy. Individual country models are linked through net trade to recognize the interdependence of countries in the world rice economy.

Suggested Citation

  • Wailes, Eric J. & Chavez, Eddie C., 2011. "2011 Updated Arkansas Global Rice Model," Staff Papers 102650, University of Arkansas, Department of Agricultural Economics and Agribusiness.
    • Handle: RePEc:ags:uarksp:102650
    DOI: 10.22004/ag.econ.102650
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    File URL: https://ageconsearch.umn.edu/record/102650/files/AGRM%20MODEL%20DOCUMENTATION_revised%20April%2013%202011.pdf
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    References listed on IDEAS

    as
    1. Rastegari-Henneberry, Shida, 1985. "The World Rice Market," Information Series 263862, University of California, Davis, Giannini Foundation.
    2. Mercedita C. Agcaoili‐Sombilla & Mark W. Rosegrant, 1994. "International trade in a differentiated good: Trade elasticities in the world rice market," Agricultural Economics, International Association of Agricultural Economists, vol. 10(3), pages 257-267, May.
    3. Sullivan, John & Roningen, Vernon & Leetmaa, Susan & Gray, Denice, 1992. "A 1989 Global Database for the Static World Policy Simulation (SWOPSIM) Modeling Framework," Staff Reports 278638, United States Department of Agriculture, Economic Research Service.
    4. Karp, Larry S & Perloff, Jeffrey M, 1989. "Dynamic Oligopoly in the Rice Export Market," The Review of Economics and Statistics, MIT Press, vol. 71(3), pages 462-470, August.
    5. Gail L. Cramer & Eric J. Wailes & Shangnan Shui, 1993. "Impacts of Liberalizing Trade in the World Rice Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(1), pages 219-226.
    6. JooHo Song & Colin A. Carter, 1996. "Rice Trade Liberalization and Implications for U.S. Policy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 891-905.
    7. Agcaoili-Sombilla, Mercedita C. & Rosegrant, Mark W., 1994. "International trade in a differentiated good: trade elasticities in the world rice market," Agricultural Economics, Blackwell, vol. 10(3), pages 257-267, May.
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    Citations

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    Cited by:

    1. Valera, Harold Glenn A. & Yamano, Takashi & Pede, Valerien O., 2021. "Potential trade policy reforms in Southeast Asian rice markets: Domestic and international impacts," 2021 Annual Meeting, August 1-3, Austin, Texas 313904, Agricultural and Applied Economics Association.
    2. Balié, Jean & Valera, Harold Glenn, 2020. "Domestic and international impacts of the rice trade policy reform in the Philippines," Food Policy, Elsevier, vol. 92(C).
    3. Bairagi, Subir K. & Durand-Morat, Alvaro, 2021. "The Impacts of Droughts and Floods on the Global Rice Market," 2021 Annual Meeting, August 1-3, Austin, Texas 313859, Agricultural and Applied Economics Association.
    4. Ali, R., 2018. "Self-sufficiency and International Trade Policy Strategies in Malaysian Rice Sector: Approaches to Food Security Using Spatial Partial Equilibrium Analysis," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277036, International Association of Agricultural Economists.
    5. Wailes, Eric J. & Chavez, Eddie C., 2011. "World Rice Outlook International Rice Baseline Projections, 2011-2020," Staff Papers 112998, University of Arkansas, Department of Agricultural Economics and Agribusiness.
    6. Valera, Harold Glenn & Yamano, Takashi & Pede, Valerien, 2021. "Impact of Rice Trade Policy in Southeast Asia," 2021 Conference, August 17-31, 2021, Virtual 315265, International Association of Agricultural Economists.
    7. Hoang, Hoa K. & Meyers, William H., 2015. "Price stabilization and impacts of trade liberalization in the Southeast Asian rice market," Food Policy, Elsevier, vol. 57(C), pages 26-39.

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