A QUANTITATIVE ANALYSIS OF SUPPLY RESPONSE IN THE NAMIBIAN MUTTON INDUSTRY

摘要

Agricultural activities in Namibia contribute 5.5% of Namibia’s GDP, while 70% of thepopulation relies on agriculture for employment and day-to-day living. The purpose of thisstudy is to investigate the relationships between the various price and non-price factorscontributing to the supply dynamics within the mutton industry in Namibia. Theautoregressive distributed lag approach to co-integration was used to determine the longrun and short-run supply response elasticities between economic and climatology factors ontime-series data.