MODELING THE WORLD GRAIN-OILSEEDS-LIVESTOCK ECONOMY TO ASSESS WORLD FOOD PROSPECTS
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Mathematical programming methods are used as a framework to
evaluate world food prospects. Emphasis is on analyzing the
world grain-oilseeds-livestock economy to capture the interaction
of the predominantly cereal economies of the developing
world and the livestock economies of the developed world as
they compete for the world's agricultural resources. The mathematical
model, called the Grain-Oilseeds-Livestock (GOL) model,
incorporates general population and income growth rates,
demand and supply price elasticities, input variables, and assumptions
about basic underlying economic trends and policy constraints.