Estimating elasticities of demand and supply for South African manufactured exports using a vector error correction model
Master Thesis
2002
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University of Cape Town
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Abstract
Elasticities of demand and supply for South African manufactured exports are estimated using the co-integrating vector autoregression / vector error correction model approach in order toaddress simultaneity and non-stationarity issues. Demand is highly price-elastic, ranging from-3 to -6. The price elasticity of supply is 1. Competitors' prices and world income are an important determinant of demand, but domestic capacity utilization is not an important determinant of export supply.
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Bibliography: leaves 82-83.
Reference:
Behar, A. 2002. Estimating elasticities of demand and supply for South African manufactured exports using a vector error correction model. University of Cape Town.