%0 Journal Article
%T A QUANTITATIVE ANALYSIS OF SUPPLY RESPONSE IN THE NAMIBIAN MUTTON INDUSTRY
%A D.N. Van Wyk
%A N.F. Treurnicht
%J South African Journal of Industrial Engineering
%D 2012
%I SAIIE
%X ENGLISH ABSTRACT: Agricultural activities in Namibia contribute 5.5% of Namibia¡¯s GDP, while 70% of the population relies on agriculture for employment and day-to-day living. The purpose of this study is to investigate the relationships between the various price and non-price factors contributing to the supply dynamics within the mutton industry in Namibia. The autoregressive distributed lag approach to co-integration was used to determine the longrun and short-run supply response elasticities between economic and climatology factors on time-series data. Supply shifters showed significant short-run and long-run elasticities with regard to the mutton produced. Results also revealed that the system takes nearly two months to recover to the long-run supply equilibrium, should any disturbances occur within the supply system. AFRIKAANSE OPSOMMING: Landbou-aktiwiteite in Namibi  dra 5.5% by tot die nasionale Bruto Binnelandse Produk, in ¡¯n land waar meer as 70% van die bevolking afhanklik is van landbou om ¡¯n bestaan te kan maak. Die doel van hierdie studie is om die verwantskappe te ondersoek tussen verskeie prys- en nie-prys-faktore wat bydra tot die aanboddinamika van die skaapvleisbedryf. ¡¯n Outoregressie verspreide sloering benadering tot ko-integrasie is gebruik om die langtermyn en korttermyn elastisitiete tussen ekonomie- en klimaatfaktore vir skaapvleisaanbod te bepaal. Resultate het gewys dat aanbodfaktore betekenisvolle kort- en langtermyn elastisiteite toon. Resultate het ook getoon dat die sisteem twee maande neem om te herstel na die langtermyn aanbodekwilibruim, sou daar enige drastiese veranderings gebeur in die stelsel.
%K Agricultural activities in Namibia
%K Namibia¡¯s GDP
%K he relationships between the various price and non-price factors
%K mutton industry in Namibia
%U http://sajie.journals.ac.za/pub/article/view/231