The meat market in Brazil: a partial equilibrium model
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A partial equilibrium model for the meat market is fit to
Brazilian data by three stages least squares. The model is consistent
with the data and may be used for simulation purposes. In this context
we compare model simulations for the near future with the OECD/
Aglink outlook. To illustrate using the model for simulations in policy
assessments, we investigate the effect of a relative increase in corn price
on the poultry and pork markets, coeteris paribus.