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Registros recuperados: 7
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The demand for meat in South Africa: An almost ideal estimation 31
Taljaard, Pieter R.; Alemu, Zerihun Gudeta; van Schalkwyk, Herman D..
A Linear Approximated Almost Ideal Demand System (LA/AIDS), estimated in first differences, was used to anticipate the demand relations for meat (beef, chicken, pork and mutton) in South Africa from 1970 – 2000. Two tests for weak separability, including an F and Likelihood ratio version, failed to reject the null hypothesis of weak separability, confirming that the four meat products are separable, and should be modelled together. According to the Hausman exogeneity test, the expenditure term in the South African meat demand model is exogenous. As a result, a Restricted Seemingly Unrelated Regression (RSUR) was used to estimate the model, whereafter the parameters were used as to calculate compensated, uncompensated and expenditure elasticities.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 2004 URL: http://purl.umn.edu/9496
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A Linearized Almost Ideal Demand System (LA/AIDS) Estimation of the Demand for Meat in South Africa 31
Taljaard, Pieter R.; Alemu, Zerihun Gudeta; van Schalkwyk, Herman D..
A linear approximated Almost Ideal Demand System (LA/AIDS), estimated in first differences, were used to estimate the demand relations for meat (beef, chicken, pork and mutton) in South Africa from 1970 –2000. Two tests for weak separability, including an F and Likelihood ratio version, failed to reject the null hypothesis of weak seperability, confirming that the four meat products are separable, and should be modelled together. According to the Hausman exogeneity test, the expenditure term in the South African meat demand model is exogenous. As a result, a Restricted Seemingly Unrelated Regression (RSUR) was used to estimate the model, whereafter the estimated parameters were used to estimate compensated, uncompensated and expenditure elasticities.
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics.
Ano: 2003 URL: http://purl.umn.edu/19088
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A Stochastic Budgeting Analysis of Three Alternative Scenarios to Convert from Beef-Cattle Farming to Game Ranching 31
Grove, Bennie; Taljaard, Pieter R.; Cloete, Philip C..
The main objective of this paper is to evaluate the profitability and financial feasibility of three alternative scenarios to convert from beef-cattle farming to game ranching. The analyses acknowledge the importance of quantifying the probability of failure or success when making investment decisions. Risk is incorporated into a standard net present value analysis using risk simulation. De-trended historical auction prices of live game and on-the-hoof prices of weaner cattle were used to quantify price variability. The stochastic net present value analyses indicate that game ranching is more profitable than cattle farming. Although an investment in a limited number of common game species is financially feasible, the cash flow analysis indicates a...
Tipo: Journal Article Palavras-chave: Game ranching; Profitability; Financial feasibility; Risk simulation; Agricultural Finance; Farm Management; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/7048
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Choosing between the AIDS and Rotterdam models: A meat demand analysis case study 31
Taljaard, Pieter R.; van Schalkwyk, Herman D.; Alemu, Zerihun Gudeta.
Due to the inability of economic theory to choose ex ante between the Almost Ideal Demand System (AIDS) and the Rotterdam model, a non-nested test was used. The results of the non-nested test points to the Linearized-AIDS model applied to 31 years of meat consumption data in South Africa. When comparing the estimated demand relations of the two models, the LA/AIDS model also proved to be better fit for South African meat demand.
Tipo: Journal Article Palavras-chave: Food Consumption/Nutrition/Food Safety.
Ano: 2006 URL: http://purl.umn.edu/31710
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Towards a broader understanding of South African consumer spending on meat 31
Taljaard, Pieter R.; Jooste, Andre; Asfaha, T.A..
This paper analyses meat consumption trends in South Africa. Despite the fact that aggregate per capita meat consumption remained relatively constant during the last 34 years, significant changes were observed in the per capita consumption among different meat categories. By applying Ordinary Least Squares (OLS) and the Johansen co integration approach to a conventional demand function, significant changes in the contributions of economic and non-economic factors towards meat demand were identified over time. From the analysis it is apparent that non-economic factors play a greater role in determining meat consumption in South Africa.
Tipo: Journal Article Palavras-chave: Consumer/Household Economics.
Ano: 2006 URL: http://purl.umn.edu/31707
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ECONOMETRIC ESTIMATION OF THE DEMAND FOR MEAT IN SOUTH AFRICA 31
Taljaard, Pieter R..
In this study the demand relations for meat in South Africa are estimated and interpreted. Two demand model specifications, namely the Rotterdam and Linearized Almost Ideal Demand System (LA/AIDS), were estimated and tested in order to determine which model provide the best fit for South African meat data. Tests for separability included an F and Likelihood ratio version. Both tests rejected the null hypothesis of weak separability between meat, eggs and milk as protein sources, indicating that the demand model for meat products should be estimated separately from eggs and milk. Consequently, separability tests between the four meat products fail to reject the null hypothesis, confirming that the four meat products should be modelled together....
Tipo: Thesis or Dissertation Palavras-chave: Demand and Price Analysis; Livestock Production/Industries.
Ano: 2003 URL: http://purl.umn.edu/28066
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Transaction Costs and Cattle Farmers' Choice of Marketing Channels in North-Central Namibia 31
Shiimi, T.; Taljaard, Pieter R.; Jordaan, Henry.
About 70% of the Namibian population depends on agricultural activities for their livelihood. Moreover, agriculture remains an important sector to Namibia because its national economy is widely dependent on agricultural production. Cattle producers in the Northern Communal Areas (NCAs) have an option to market their cattle via the formal or informal markets. Efforts have been made to encourage producers to market their cattle through the formal market; however, limited improvement has been observed. In this study a number of factors have been analysed to determine its influences on cattle marketing decisions. Factors influencing the marketing decision of whether or not to sell through the formal market are analysed using the Probit model. Factors...
Tipo: Journal Article Palavras-chave: Cattle marketing; Decision-making; Formal markets; Transaction costs; Livestock Production/Industries.
Ano: 2010 URL: http://purl.umn.edu/96641
Registros recuperados: 7
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