IDEAS home Printed from https://ideas.repec.org/a/taf/deveza/v15y1998i3p413-427.html
   My bibliography  Save this article

A time-series analysis of Zimbabwe's corn sales to the Grain Marketing Board

Author

Listed:
  • Ephias Makaudze
  • David Bessler
  • Stephen Fuller

Abstract

This article considers methods of cointegration testing to construct a model of Zimbabwe 's corn sector. Corn production, sales of corn to the government, the price of corn, and price of beef are linked together in one long-run equilibrium (cointegrating) relation. Only the price of beef is not weakly exogenous to perturbations in this relation. That is to say, when these variables are out of long-run equilibrium, it is through subsequent changes in the price of beef that equilibrium is restored. The other variables do not respond to a long-run disequilibrium. Short-run forecasts from this model are compared with expert opinion forecasts made by the government's marketing board. Possibilities for improvement in long-run forecasting and planning are discussed.

Suggested Citation

  • Ephias Makaudze & David Bessler & Stephen Fuller, 1998. "A time-series analysis of Zimbabwe's corn sales to the Grain Marketing Board," Development Southern Africa, Taylor & Francis Journals, vol. 15(3), pages 413-427.
  • Handle: RePEc:taf:deveza:v:15:y:1998:i:3:p:413-427
    DOI: 10.1080/03768359808440022
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/03768359808440022
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/03768359808440022?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:deveza:v:15:y:1998:i:3:p:413-427. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CDSA20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.