A Further Update of an Equilibrium Displacement Model of the Australian Pig Meat Industry

Chinthanthi Rathnayake; Stuart Mounter; Garry Griffith

A Further Update of an Equilibrium Displacement Model of the Australian Pig Meat Industry

Chinthanthi Rathnayake, Stuart Mounter, Garry Griffith

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Abstract

In this paper, a further update of an equilibrium displacement model of the Australian pig meat industry is reported. New price and quantity data for the period 2017-2022 are described and added, and compared to values used in three previous versions of the model. Elasticity parameters are modified to take account of these new data. Then two hypothetical simulations are run, one for a farm productivity improvement and one for a consumer demand expansion, and the results of these are compared to identical simulations previously reported for the earlier versions of the model.

Original language	English
Article number	8
Pages (from-to)	136-155
Journal	Australasian Agribusiness Perspectives
Volume	27
Publication status	Published - 11 Jul 2024

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title = "A Further Update of an Equilibrium Displacement Model of the Australian Pig Meat Industry",

abstract = "In this paper, a further update of an equilibrium displacement model of the Australian pig meat industry is reported. New price and quantity data for the period 2017-2022 are described and added, and compared to values used in three previous versions of the model. Elasticity parameters are modified to take account of these new data. Then two hypothetical simulations are run, one for a farm productivity improvement and one for a consumer demand expansion, and the results of these are compared to identical simulations previously reported for the earlier versions of the model.",

author = "Chinthanthi Rathnayake and Stuart Mounter and Garry Griffith",

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AU - Griffith, Garry

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N2 - In this paper, a further update of an equilibrium displacement model of the Australian pig meat industry is reported. New price and quantity data for the period 2017-2022 are described and added, and compared to values used in three previous versions of the model. Elasticity parameters are modified to take account of these new data. Then two hypothetical simulations are run, one for a farm productivity improvement and one for a consumer demand expansion, and the results of these are compared to identical simulations previously reported for the earlier versions of the model.

AB - In this paper, a further update of an equilibrium displacement model of the Australian pig meat industry is reported. New price and quantity data for the period 2017-2022 are described and added, and compared to values used in three previous versions of the model. Elasticity parameters are modified to take account of these new data. Then two hypothetical simulations are run, one for a farm productivity improvement and one for a consumer demand expansion, and the results of these are compared to identical simulations previously reported for the earlier versions of the model.

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EP - 155

JO - Australasian Agribusiness Perspectives

JF - Australasian Agribusiness Perspectives

M1 - 8

ER -

A Further Update of an Equilibrium Displacement Model of the Australian Pig Meat Industry

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