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...
| Auteurs principaux: | , |
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| Format: | Working paper |
| Langue: | English |
| Publié: |
CSAE (University of Oxford)
2004
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