Agro-economic models: a review and directions for research
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Date
2019
Authors
Nehrey, Maryna
Kaminskyi, Andrii
Komar, M.
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
The article is devoted to reviewing of main 8 models, which are used to
analyze the agriculture sector, medium, and long-term forecasts, as well as
policy making. The review is based on comparative analysis of models
conducted by the authors according to a number of criteria. On its basis,
formed the distinctive features of modeling, which are realized in these
models. The first distinctive feature is the problem of choosing the level of
aggregation in models. This feature generates the direction of research about
the effectiveness of the application of one or another aggregation level in
modeling. The second distinctive feature of modeling is structurization
models into two types: partial equilibrium and computable general
equilibrium models. The method of choosing the type of model is one of the
actual problems. The third distinctive feature is dominance of deterministic
approaches in the construction of models. The use of stochastic analysis in
models, in the opinion of the authors, does not yet have a system analysis.
Based on the carried out analysis, the authors tried to form directions for the
development of the agriculture sector modeling.
Description
Keywords
Agricultural market, Agricultural policy, Computable General, Equilibrium model, Economic modelling, Partial Equilibrium model, article
Citation
Nehrey M. Agro-economic models: a review and directions for research / M. Nehrey, A. Kaminskyi, M. Komar // Periodicals of Engineering and Natural Sciences. - 2019. - Vol. 7, No. 2. - P. 702-711.