EXCHANGE RATE DEPRECIATION AND COSTS OF AGRICULTURAL INPUTS IN SOUTH AFRICA / Wisselkoersdepresiasie en koste van landbou-insette in Suid-Afrika

Autor:	G. F. Liebenberg, J. A. Groenewald, F. L. Vivier
Rok vydání:	1991
Předmět:	Macroeconomics Economics and Econometrics Exchange rate Agriculture business.industry Depreciation Geography Planning and Development Economics Quarter (United States coin) business Agronomy and Crop Science Agricultural economics
Zdroj:	Agrekon. 30:13-17
ISSN:	2078-0400 0303-1853
DOI:	10.1080/03031853.1991.9524197
Popis:	Exchange rate depreciation was isolated from other economic influences to measure its impact on retail prices of groups of agricultural inputs in South Africa. The period selected was one of generally declining exchange rate of the Rand. Serial correlation problems were overcome by a combination of the Hildreth-Lu procedure and weighted first differences. Tractor prices reacted within the same quarter, as well as the following two quarters, Prices of other input groups reacted between the first and third quarter following depreciation, with elasticities varying between −0,090 and −0,698. Some effects were of an indirect nature. Statutory administrated prices do not seem to react differently to exchange rate depreciation than prices formed by pure business decisions.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d86ce543d9f23bd9cd503734c53c0ddf https://doi.org/10.1080/03031853.1991.9524197 Zobrazit plný text záznamu