ISHS Acta Horticulturae 488: XI International Symposium on Apricot Culture
ESTIMATING A DYNAMIC SUPPLY RESPONSE MODEL FOR APRICOTS IN GREECE WITH TIME SERIES ECONOMETRIC TECHNIQUES |
| Authors: | G. Karagiannis, C.E. Stoforos |
| Keywords: | production, prices, short- and long-run elasticities |
| Abstract:
Apricots are among the important tree crop products of Greece. Policy objectives and means in this sector are impeded by the absence of supply response relationships, in terms of own-price and input price elasticities. In this paper an attempt is made towards this direction. A dynamic supply function for apricots is specified and estimated using cointegration analysis in order to test for the existence of long-run relations among the variables of interest, and to measure all relevant short- and long-run elasticities. This model is applied to Greek time series data over the period 1961–1990. | |
Download Adobe Acrobat Reader (free software to read PDF files) | |
