IDEAS home Printed from https://ideas.repec.org/a/ags/agreko/346826.html
   My bibliography  Save this article

Establishing the linkages between the South African agricultural trade balance and macroeconomic indicators

Author

Listed:
  • Fadeyi, O.A.
  • Ogundeji, A.A.
  • Willemse, B.J.

Abstract

This paper investigates the long-run and short-run linkages between macroeconomic fundamentals, agricultural variables and the South African agricultural trade balance, using co-integration analysis and a vector error-correction model with yearly data from 1980 to 2011. The literature review shows that these linkages have not been empirically established for South Africa, despite the relative importance thereof in the policy process. The findings reveal that in the long run, the exchange rate, agricultural price, agricultural production and disposable income all have a significant impact on trade balance. The joint short-run dynamic impact of the lagged trade balance, lagged agricultural production, lagged exchange rate, domestic price and agricultural production explains the changes in the South African agricultural trade balance.

Suggested Citation

  • Fadeyi, O.A. & Ogundeji, A.A. & Willemse, B.J., 2015. "Establishing the linkages between the South African agricultural trade balance and macroeconomic indicators," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 53(4), March.
    • Handle: RePEc:ags:agreko:346826
    DOI: 10.22004/ag.econ.346826
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/346826/files/Establishing%20the%20linkages%20between%20the%20South%20African%20agricultural%20trade%20balance%20and%20macroeconomic%20indicators.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.346826?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Agribusiness;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:agreko:346826. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aeasaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.