Meat supply response : a cointegration analysis for the Greek livestock sector
Part of : Σπουδαί : journal of economics and business ; Vol.47, No.3-4, 1997, pages 125-146
Issue:
Pages:
125-146
Abstract:
This paper examines the impact of input and output prices in the process of enterprising decisionmaking for meat production in Greece by means of econometric modelling. For estimating supply elasticites, econometric methods are used, namely a 'naive' expectations model form. Cointegration analysis is used for investigating the actuality of a long-run relationship between the variables of interest. The statistical results show that the estimated supply models possess desirable statistical properties and the estimated supply elasticities are credible. The estimated elasticities are consistent with a priori expectations and are superior to other estimates because proper procedures have been used (cointegration tests have established the existence of long-run relationships).
Subject (LC):
Keywords:
agricultural economics
Notes:
Περιέχει πίνακες, παράρτημα και βιβλιογραφία
