Data/hora: 02/06/2024 17:57:17

Provedor de dados: | 31
País: | United States
Título: | The impact of trade liberalisation on South African agricultural productivity
Autores: | Teweldemedhin,   M.Y.; van Schalkwyk,   Herman D.
Data: | 2010-11-02
Ano: | 2010
Palavras-chave: | TFP; OLS; Trade liberalization or degree of openness; Capital formation; International Relations/Trade.
Resumo: | This study attempts to examine the empirical relationship between trade and total factor productivity (TFP) in the agricultural sector using both cross -sectiona, (across nine agricultural commodities), and time -series analysis. The Error Correction Model of ordinary least square (OLS) results from the cross -sectional analysis confirm that export shares and capital formation were found to be positive and significant; whereas, import shares and real exchange rate were found to be related negatively. However, the net effect of export and import shares had a positive effect. This implies that trade liberalisation causes productivity gains. Moreover, the time -series analysis goes in the same direction as the cross -sectional results, showing that there is a robust relationship among TFP, degree of openness, and capital formation. Whereas, debt was found to be inversely related, this implies that agricultural industries / farmers lack debt management skills.
Tipo: | Journal Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/95963
Relação: | African Association of Agricultural Economists (AAAE)&gt;2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa
Formato: | 15