Estimating elasticities of demand and supply for South African manufactured exports using a vector error correction model
Elasticities of demand and supply for South African manufactured exports are estimated using a vector error correction model in order to address simultaneity and non-stationarity issues. Demand is highly price-elastic, with elasticities ranging from –3 to –6. The price elasticity of supply is genera...
| Main Authors: | , |
|---|---|
| Format: | Working paper |
| Language: | English |
| Published: |
2004
|
| Subjects: |