FAPRI Trade Model for the Soybean Sector: Specification, Estimation, and Validation

The international components and the overall structure of this model are based on recent work by Huyser (1983). The U.S. Structure and components of the model are based on recent work by Ash (1984) and earlier work by Baumes and Meyers (1980) and Meyers and Hacklander (1979). The roots of all these models trace back to the seminal work on the soybean industry by Houck, Ryan, and Subotnik (1972). A review of related modeling work in the soybean sector can be found in Huyser and Ash.