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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awduron: Behar, A, Edwards, L
Fformat: Working paper
Iaith:English
Cyhoeddwyd: CSAE (University of Oxford) 2004