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- W2286321955 abstract "A S A MEANS of studying historical and projected changes in market organization and structure, a dynamic model of the livestock-meat economy during 1955-64 has been developed.1 It can be used to trace out the effect on prices, slaughter, foreign trade, and January 1 livestock numbers resulting from an assumed change in Government or industry policy. Use of this model depends on the electronic computer. In fact, the computer is an additional tool in building the model--it allows the researcher limited control of the performance of the model throughout its development. Early studies of the livestock-meat economy used the single-equation approach--still a useful research technique in spite of the development of simplified solution methods for systems of simultaneous equations. Simultaneous equations have been used in economic research not only because of statistical problems of correlation between the explanatory variables and the disturbance term but also because many economic variables are determined simultaneously. However, new problems were introduced with simultaneous systems.2 For example, variables must be excluded or aggregated to meet identification requirements. In addition, estimation of the structural parameters not only limits the variables used but also requires complex and costly methods. Furthermore, because of time lags involved, many" @default.
- W2286321955 created "2016-06-24" @default.
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- W2286321955 date "1965-07-01" @default.
- W2286321955 modified "2023-09-24" @default.
- W2286321955 title "A Dynamic Model of a Simulated Livestock-Meat Economy" @default.
- W2286321955 hasPublicationYear "1965" @default.
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