A central problem in estimating per unit costs of production originates from the fact that most farms producemultiple outputs and standard farm-accounting data are only available at the whole-farm level. The seeminglyunrelated regression (SUR) approach is used to estimate per unit production...

A central problem in estimating per unit costs of production originates from the fact that most farms produce multiple outputs and standard farm-accounting data are only available at the whole-farm level. The seemingly unrelated regression (SUR) approach is used to estimate per unit production...

Farm level cross sectional data of 556 randomly selected livestock producers were used to investigate the competitiveness of smallholder beef farmers in Botswana. The results show the presence of inefficiency, with about 74% of the variation in actual profit from maximum profit (profit frontier)...

According to the RCA and RCA# the beef sub-sector in South Africa has shown a revealed comparative disadvantage for 17 out of the 22 years to 2002, while the maize sub-sector showed a revealed comparative advantage for 18 out of the same 22 years. However, this article argues that these results...

According to the RCA and RCA# the beef sub-sector in South Africa has shown a revealed comparative disadvantage for 17 out of the 22 years to 2002, while the maize sub-sector showed a revealed comparative advantage for 18 out of the same 22 years. However, this article argues that these results...

Trade policies form the main economic 'buffer' between one national economy and another, i.e. the general and specific elements of each nation's trade policy interact directly or indirectly with those of other nations in all economic transactions across international borders. A nation's trade...