التفاصيل البيبلوغرافية
| العنوان: |
Agricultural supply response for sunflower in South Africa (1947–2016): The partial Nerlovian framework approach. |
| المؤلفون: |
Nhundu, Kenneth, Gandidzanwa, Colleta, Chaminuka, Petronella, Mamabolo, Manana, Mahlangu, Sandile, Makhura, Moraka N. |
| المصدر: |
African Journal of Science, Technology, Innovation & Development; Apr2022, Vol. 14 Issue 2, p440-450, 11p |
| مصطلحات موضوعية: |
FARM supplies, SUNFLOWERS, ELASTICITY (Economics), INCENTIVE (Psychology), AGRICULTURAL implements, SUNFLOWER seed oil |
| مصطلحات جغرافية: |
SOUTH Africa |
| مستخلص: |
The study estimates sunflower supply response in South Africa using time series data from 1947 to 2016, modelled through the Nerlovian Partial Adjustment approach. Short- and long-run price elasticities of 0.238 and 0.313 respectively, suggest that farmers do not easily adjust acreage devoted to sunflower given price changes, indicating the influence of other non-price factors. An adjustment coefficient of 0.272 indicates that the time taken to adjust from the actual to the desired acreage level is slow, at 27% per year. The estimated elasticities provide some scope for using price and non-price incentives to influence sunflower production in the long-run. This could facilitate decision-making by sunflower producers to spearhead internal and external adjustment processes. The study contributes to a growing body of literature on agricultural supply response determinants, thus providing evidence-based macro-economic tools towards agricultural policy-making and reform process. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Complementary Index |
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