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2006-04-26
英文文献:The Value Of Endogenizing Agriculture In A Multi-Sector Macroeconomic Model
英文文献作者:Hughes, Dean W.,Penson, John B. Jr.
英文文献摘要:
Several agricultural economists have suggested that agricultural models could be improved by capturing all of the linkages between agriculture and the rest of the economy. In this study, a new multi—sector macroeconomic model is used to compare the forecasting abilities of first, second, and third generation agricultural simulation models. This study finds that forecasting errors can be reduced and a wider range of questions can be addressed by models that simultaneously solve for the agricultural and nonagricultural sectors of the economy.
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