Econometric estimation of Armington elasticities for selected agricultural products in South Africa
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | Econometric estimation of Armington elasticities for selected agricultural products in South Africa | |
| Creator | Ogundeji, Abiodun Jooste, Andre Uchezuba, D | |
| Description | Price transmission behaviour is used to model the impacts of different trade regimes; if this behaviour is not modelled correctly, the trade impacts can be either under- or overestimated. Due to the lack of elasticities of substitution pertaining to selected imported and domestically produced agricultural products in South Africa, Armington elasticities, using quarterly data from 1995-2006 and three different models, based on the time series properties of the data, are estimated in this paper. Considering the long-run elasticity results, soyabeans (whether broken or not) and meat of bovine animals (frozen) are the most sensitive import products, followed by maize, meat of bovine animals (fresh or chilled), sunflower seeds, and wheat and meslin. Regarding the short-run elasticity, soyabeans are the most sensitive import product, followed by meat of bovine animals (fresh or chilled); meat of swine (fresh, chilled or frozen) is the least sensitive import product. | |
| Publisher | AOSIS Publishing | |
| Date | 2010-12-03 | |
| Identifier | 10.4102/sajems.v13i2.41 | |
| Source | South African Journal of Economic and Management Sciences; Vol 13, No 2 (2010); 123-134 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/41/22
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