IDEAS home Printed from https://ideas.repec.org/a/taf/rseexx/v23y1999i3p49-61.html
   My bibliography  Save this article

Livestock Supply Response in South Africa: An Investigation of Producer Price and Technology Dynamics

Author

Listed:
  • R F Townsend

Abstract

Livestock supply in South Africa is examined using an error correction model with a polynomial lag formulation applied to determine price and technology dynamics. Data from 1947 to 1995 were used for the analysis. Time series properties of the data were tested and short and long run elasticities were derived for variables influencing livestock supply. An average total lag effect on livestock output of 7 years was derived with respect to real livestock producer prices and 15 years with respect to livestock research and development expenditures. These results suggest that reductions in research expenditures will have a significant negative long run effect on output. Correcting for the decline in output, with a subsequent increase in research expenditures, will take several years to achieve due to the lagged effects, with a potential of 15 years of lost growth. An inelastic response to livestock prices was derived for both the short and the long run.

Suggested Citation

  • R F Townsend, 1999. "Livestock Supply Response in South Africa: An Investigation of Producer Price and Technology Dynamics," Studies in Economics and Econometrics, Taylor & Francis Journals, vol. 23(3), pages 49-61, November.
    • Handle: RePEc:taf:rseexx:v:23:y:1999:i:3:p:49-61
    DOI: 10.1080/03796205.1999.12129140
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/03796205.1999.12129140
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/03796205.1999.12129140?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:rseexx:v:23:y:1999:i:3:p:49-61. 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/rsee .

    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.