A supply-response analysis of Botswana's livestock and sorghum: An error-correction approach

Oludele Akinboade

Development Southern Africa, 1999, vol. 16, issue 1, 125-140

Abstract: This article is a supply-response analysis of Botswana's livestock and sorghum relative to agricultural/non-agricultural prices (terms of trade), and of capital-labour ratio, using an error-correction method. Aggregate capital-labour ratio is included to measure the importance of resource endowment in particular sectors. There has been, on average, a small progressive increase in livestock terms of trade and a decline in that of sorghum. Improvements in livestock price terms of trade encourage increased livestock (cattle) supply whereas declining terms of trade reduce sorghum production. The current arable pricing policy of the government is therefore of limited potential in transforming the sub-sector. Increases in capital-labour ratio tend to reduce agricultural production in the Botswana economy.

Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/03768359908440065 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:deveza:v:16:y:1999:i:1:p:125-140

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CDSA20

DOI: 10.1080/03768359908440065

Access Statistics for this article

Development Southern Africa is currently edited by Marie Kirsten

More articles in Development Southern Africa from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().