MEASURING THE SUPPLY RESPONSE FUNCTION OF TOBACCO IN ZIMBABWE

Rosemary Leaver

No 19079, 2003 Annual Conference, October 2-3, 2003, Pretoria, South Africa from Agricultural Economic Association of South Africa (AEASA)

Abstract: This paper presents an estimate of the price elasticity of supply for tobacco output in Zimbabwe using an adapted Nerlovian model. The results indicate a short-run elasticity of +0.34 and a long-run elasticity of +0.81, suggesting that tobacco farmers are highly unresponsive to price changes. These estimates are similar to those obtained for tobacco in supply response studies conducted in other developing African countries.

Keywords: Demand and Price Analysis; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Date: 2003
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Persistent link: http://EconPapers.repec.org/RePEc:ags:aeassa:19079

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