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Integrating Agricultural Input Expenditure into a South African Agricultural Sector’s Partial Equilibrium Model

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  • Gebrehiwet, Yemane
  • Meyer, Ferdinand H.
  • Kirsten, Johann F.

Abstract

Agricultural inputs expenditure has not been widely incorporated in most partial equilibrium models. Moreover, input costs are treated exogenous and the recursive link between input and output side of the sector is overlooked in few of the models that attempts to incorporate input expenditures. The study has addressed both issues by integrating agricultural input expenditures into the South African sectoral partial equilibrium model by endogenising input costs and recursively linking both input and output side of the agricultural sectors to enhance the results of a standard partial equilibrium model in analysing the effect of policies on agricultural sector.

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Bibliographic Info

Paper provided by African Association of Agricultural Economists (AAAE) & Agricultural Economics Association of South Africa (AEASA) in its series 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa with number 97050.

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Date of creation: Sep 2010
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Handle: RePEc:ags:aaae10:97050

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Keywords: Agricultural Finance; Farm Management;

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  1. Meyer, Ferdinand H. & Westhoff, Patrick C. & Binfield, Julian C.R. & Kirsten, Johann F., 2006. "Model Closure and Price Formation Under Switching Grain Market Regimes in South Africa," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25432, International Association of Agricultural Economists.
  2. Mushtaq, Khalid & Dawson, P. J., 2002. "Acreage response in Pakistan: a co-integration approach," Agricultural Economics, Blackwell, vol. 27(2), pages 111-121, August.
  3. Patrick C. Westhoff & Robert Baur & Deborah L. Stephens & William H. Meyers, 1990. "FAPRI U.S. Crops Model Documentation," Food and Agricultural Policy Research Institute (FAPRI) Publications 90-tr17, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
  4. Gafar, John, 1997. "The supply response of aggregate agricultural output in Jamaica," Agricultural Economics, Blackwell, vol. 16(3), pages 205-217, August.
  5. Gafar, John, 1997. "The supply response of aggregate agricultural output in Jamaica," Agricultural Economics: The Journal of the International Association of Agricultural Economists, International Association of Agricultural Economists, vol. 16(3), August.
  6. Conforti, Piero, 2001. "The Common Agricultural Policy In Main Partial Equilibrium Models," Working Papers 14806, National Institute of Agricultural Economics, Italy INEA, Osservatorio Sulle Politiche Agricole dell'UE.
  7. Patrick C. Westhoff & Robert Baur & Deborah L. Stephens & William H. Meyers, 1990. "FAPRI U.S. Crops Model Documentation," Center for Agricultural and Rural Development (CARD) Publications 90-tr17, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  8. van Tongeren, Frank & van Meijl, Hans & Surry, Yves, 2001. "Global models applied to agricultural and trade policies: a review and assessment," Agricultural Economics, Blackwell, vol. 26(2), pages 149-172, November.
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