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Modelling Nitrogen Fertiliser Demand in New Zealand

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Author Info
Austin, Darran
Cao, Kay
Rys, Gerald
Abstract

In New Zealand, the demand for nitrogen fertiliser has increased markedly since the early 1980s. Potentially, this trend has significant environmental and climate change implications. While many factors could contribute to this trend, little work has been done to examine the drivers of increased use of nitrogen fertiliser in New Zealand. In this paper, we review the international literature and discuss a theoretical framework for modelling fertiliser demand. Using a national data set, we develop an empirical cointegration model for New Zealand. The results suggest that, in the long run, nitrogen fertiliser use is elastic (2.3) to output prices and unit elastic to its own price.

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Publisher Info
Paper provided by New Zealand Agricultural and Resource Economics Society in its series 2006 Conference, August 24-25, 2006, Nelson, New Zealand with number 31970.

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Date of creation: 2006
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Handle: RePEc:ags:nzasin:31970

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Web page: http://www.nzares.org.nz/
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Related research
Keywords: Nitrogen fertiliser demand; New Zealand; Cointegration; Demand and Price Analysis;

References listed on IDEAS
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  1. Mergos, G. J. & Stoforos, Ch. E., 1997. "Fertilizer demand in Greece," Agricultural Economics, Blackwell, vol. 16(3), pages 227-235, August. [Downloadable!] (restricted)
  2. Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-76, March. [Downloadable!] (restricted)
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This page was last updated on 2009-12-11.


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