Manufacturing Export Elasticities In South Africa - A Time Series Approach

V Gumede

Studies in Economics and Econometrics, 2003, vol. 27, issue 1, 39-55

Abstract: Applying time series techniques, this paper estimates and discusses export elasticities of the total economy and manufacturing in South Africa. Notwithstanding some drawbacks of the models estimated, empirical findings suggest that export elasticities, especially for the supply side, are generally small in size and that they are generally insignificant. For instance, for the total economy and total manufacturing long-run export supply functions, elasticities are inelastic. This particular result is not surprising. In fact, the results presented here seem better, both in term of sizes of elasticities and their significance, compared to results of other studies on South Africa. One possible shortfall of estimates could be a limited number of observations. Results of pooled regressions are more robust. Overall, results imply that exports of the economy and manufacturing sectors in particular are not yet fully responsive to changes in economic activity and relative prices. Therefore, policy should aim at strengthening the responsiveness of these sectors, in an appropriate manner.

Date: 2003
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10800379.2003.12106341 (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:rseexx:v:27:y:2003:i:1:p:39-55

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rsee20

DOI: 10.1080/10800379.2003.12106341

Access Statistics for this article

Studies in Economics and Econometrics is currently edited by Willem Bester

More articles in Studies in Economics and Econometrics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().