Dynamic Impact Multipliers: A Case Study of White Dry Edible Beans

A dynamic model for the white dry edible bean sector based upon empirical demand and supply relationships is used (1) to evaluate the impact of governmental support programs, (2) to study the impact which changes in the exogenous variables have on the system, and (3) to estimate the effects which su...

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Bibliographic Details
Published in:American journal of agricultural economics 1968-05, Vol.50 (2), p.311-327
Main Author: Vandenborre, Roger J.
Format: Article
Language:English
Subjects:
Average prices
Barley
Beans
Dynamic modeling
Free markets
Government intervention
Market prices
Navies
Price support programs
Supply
Online Access:Get full text
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Summary:A dynamic model for the white dry edible bean sector based upon empirical demand and supply relationships is used (1) to evaluate the impact of governmental support programs, (2) to study the impact which changes in the exogenous variables have on the system, and (3) to estimate the effects which support prices established above free market prices have on production. Unique aspects of this study are (1) the treatment of a group of commodities rather than a single commodity, (2) the explicit consideration given to production and demand interrelationships, and (3) the effects of government programs on both controlled and noncontrolled commodities.
ISSN:0002-9092
1467-8276
DOI:10.2307/1237544