Beef supply price response estimation and implications for policy analysis: The Zimbabwe case: African Livestock Policy Analysis Network paper no. 11ILRI (aka ILCA and ILRAD) |
Common terms and phrases
absolute magnitudes Africa almon models availability of beef beef price elasticities beef price increase Beef pricing policy beef production beef sector Beef supply response behaviour of farmers border price ratio carcass grade cattle capitalization rate cattle herd Cattle slaughter relationships changes in prices commercial beef commercial farms commercial producers communal areas communal farmers domestic beef price domestic consumers domestic producer economists refer Elasticities Output Adjustment elasticity estimates elasticity of beef exchange rate expectation behaviour foreign exchange earnings geometric model herd inventory increase in slaughter livestock long-run negative supply response number of animals number of cattle output to price parameters percentage change period policies e.g policy in Zimbabwe policy-makers price changes price of beef producer price producers will decide result retail to border Rodriguez set of price short-run price elasticity signs and absolute slaughter function slaughter levels subsidy supply price elasticities technological Three-period price lags world beef price