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GTAP Resource #7175

"Compiling Food Balance Sheet using detailed FAO Supply Utilization Accounting data to improve the understanding and modeling of the food system"
by Zhao, Xin, Maksym Chepeliev, Pralit Patel, Page Kyle and Marshall Wise

Sound economic modeling hinges significantly upon the accessibility and quality of data. The Food Balance Sheet (FBS) constructed by the Food and Agriculture Organization (FAO) of the United Nations is widely used as a primary source of data in research related to global agriculture development, food security, nutrient, and dietary health. It provides a comprehensive overview of a country's supply (e.g., production, import, and stock variation) and utilization (e.g., food, feed, export, processing, seed, loss, etc.) patterns and macronutrient (fat, protein, and carbohydrate) for ~100 aggregated food commodities on a primary commodity equivalent (PCE) basis. However, the practical implementation of the PCE approach is considerably challenging, as it requires maintaining data balance simultaneously across different dimensions, including (1) supply and demand, (2) space (trade balance), (3) time (storage carryover), (4) along the processing chain (reasonable extraction rate). we are motivated to improve the PCE method to provide a transparent, reproducible, consistent, and more flexible approach to aggregating agricultural commodities across different dimensions. The analyses provided in this paper would be of particular interest to the participants who are involved in supporting the decision-making process within the agricultural and food systems. We provide important insights into better understanding the food supply chains, developing a new more rigorous methodological basis for future modeling and analytical applications.

Resource Details (Export Citation) GTAP Keywords
Category: 2024 Conference Paper
Status: Not published
By/In: Presented during the 27th Annual Conference on Global Economic Analysis (Fort Collins, Colorado, USA)
Date: 2024
Created: Zhao, X. (4/11/2024)
Updated: Zhao, X. (6/5/2024)
Visits: 114
- Other data bases and data issues
- Software and modeling tools

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