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The agricultural sector in South Africa is subjected to major changes due to a simultaneous influence of external and internal forces after the political changes in South Africa and its opening to the rest of the world. The external forces are mostly linked to increasing globalisation including...
Persistent link: https://www.econbiz.de/10005503488
Persistent link: https://www.econbiz.de/10005536608
This paper endeavours to update the series of PSE calculations based on the 1998 OECD methodology (OECD 1998) which is a slightly revised methodology from the earlier calculations. The OECD terminology also now means that PSE stands for Producer Support Estimate and is calculated by classifying...
Persistent link: https://www.econbiz.de/10008549224
Agricultural inputs expenditure has not been widely incorporated in most partial equilibrium models. Moreover, input costs are treated exogenous and the recursive link between input and output side of the sector is overlooked in few of the models that attempts to incorporate input expenditures....
Persistent link: https://www.econbiz.de/10009201425