| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
The impact of trade liberalisation on South African agricultural productivity
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| Autores: |
Teweldemedhin, M.Y.
van Schalkwyk, Herman D.
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| Data: |
2010-11-02
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| Ano: |
2010
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| Palavras-chave: |
TFP
OLS
Trade liberalization or degree of openness
Capital formation
International Relations/Trade
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| 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.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/95963
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| Relação: |
African Association of Agricultural Economists (AAAE)>2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa
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| Formato: |
15
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