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A QUARTERLY MODEL FOR THE EEC BEEF SECTOR
Author(s) -
Arregui Jorge H.
Publication year - 1986
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1986.tb01591.x
Subject(s) - econometric model , economics , econometrics , production (economics) , principal (computer security) , macro , econometric analysis , beef industry , manufacturing sector , principal component analysis , macroeconomics , agricultural economics , mathematics , statistics , computer science , programming language , operating system
The aim of the paper is to forecast the behaviour of the EEC‐9 beef and veal sector‐particularly exports‐starting from a quarterly econometric model explaining past developments of the principal macro‐economic variables from 1976 to 1982 inclusive. Attention is focused on production as its evolution has been and is considered to continue to be the most important factor influencing the development of the EEC‐9 external trade of beef and veal. The paper presents firstly a theoretical approach as a basis for formulating the econometric model. Then, the parameters of the structural model are estimated for forecasting purposes; conclusions follow.