Econometric demand and supply models of agricultural commodities and crops have been around for a long time with extensive research and adaptations being made in the grain and livestock sectors. This much attention has, however, not been afforded to long term commodities. This paper presents a...

Econometric demand and supply models of agricultural commodities and crops have been around for a long time with extensive research and adaptations being made in the grain and livestock sectors. This much attention has, however, not been afforded to long term commodities. This paper presents a...

Low international wheat prices, caused by tariffs and subsidies in developed countries, have been blamed for causing financial difficulty to South African farmers. While indignation at unfair trade practices may be valid, it does not necessarily follow that protection of the local industry is...

Low international wheat prices caused by tariffs and subsidies in developed countries have been blamed for causing financial difficulty to local farmers. While the indignation at these unfair trade practices may be valid, it does not follow that protection of the local industry is necessarily...

Following recent international oil price increases, there has been considerable interest in how this external factor can affect the South African economy. This paper reports results from a computable general equilibrium (CGE) analysis of an increase (up to 30 per cent) in international oil...

Following deregulation in the 1990's the South African maize producing industry has been suffering a gradual decline. Current low prices suggest that this trend may continue or worsen. This paper discusses the results from a static general equilibrium model for the South African economy to...

Low international wheat prices, caused by tariffs and subsidies in developed countries, have been blamed for causing financial difficulty to South African farmers. While indignation at unfair trade practices may be valid, it does not necessarily follow that protection of the local industry is...

This Technical Paper explains the formation of representative households and factor groups for inclusion in the PROVIDE Project Social Accounting Matrix. A general guideline for forming household and/or factor groups is that they should reproduce the socio-economic stratification within the...

This paper discusses various measures of poverty and inequality found in the literature. Inequality measures discussed include the range, the variance, the coefficient of variation, the standard deviation of logarithms, the Gini coefficient, Theil's Entropy measure and Atkinson's inequality...

Ongoing agricultural and food commodity price declines associated with efficiency gains in agricultural production, both domestically and internationally, can have important welfare effects for a country. The fact that consumers can buy cheaper imported and/or domestically produced foodstuffs...