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Fertilizer demand in Greece

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  • G.J. Mergos
  • Ch.E. Stoforos

Abstract

Limiting fertilizer use is becoming an important policy objective world‐wide. However, the debate on appropriate policy measures is far from settled and evidence on fertilizer demand elasticities is still insufficient. Past studies on fertilizer demand leave several methodological and empirical issues open. This paper aims to contribute to the debate on the methodology of estimating fertilizer demand using single‐equation methods. Dynamic aspects are also considered using error‐correction modelling methodology and cointegration techniques. The model is applied using data front Greece. Short‐run and long‐run price elasticities of fertilizer demand with respect to own price and to output prices show significant response to price changes and the adjustment coefficient of fertilizer use to the error‐correction term was found to be fairly rapid. The main policy conclusion of the paper is that reducing agricultural support may be an alternative and, perhaps, more effective way of reducing fertilizer demand than increasing fertilizer prices.

Suggested Citation

  • G.J. Mergos & Ch.E. Stoforos, 1997. "Fertilizer demand in Greece," Agricultural Economics, International Association of Agricultural Economists, vol. 16(3), pages 227-235, August.
    • Handle: RePEc:bla:agecon:v:16:y:1997:i:3:p:227-235
    DOI: 10.1111/j.1574-0862.1997.tb00457.x
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    Cited by:

    1. Austin, Darran & Cao, Kay & Rys, Gerald, 2006. "Modelling Nitrogen Fertiliser Demand in New Zealand," 2006 Conference, August 24-25, 2006, Nelson, New Zealand 31970, New Zealand Agricultural and Resource Economics Society.
    2. Hansen, Lars Gårn, 2004. "Nitrogen Fertilizer Demand from Danish Crop Farms - Regulatory Implications of Farm Heterogeneity," MPRA Paper 48366, University Library of Munich, Germany.

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