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Original Articles

Exchange rate volatility and agricultural trade under policy reforms in South Africa

Pages 147-170 | Published online: 17 Feb 2007

Figures & data

Figure 1: Financial assistance, capital formation and farm debt (in million rands) in South Africa 1960–2003. Source: NDA data

Figure 1: Financial assistance, capital formation and farm debt (in million rands) in South Africa 1960–2003. Source: NDA data

Figure 2: Agricultural trade flows in South Africa, 1960–2003 Source: FAO and NDA data

Figure 2: Agricultural trade flows in South Africa, 1960–2003 Source: FAO and NDA data

Table 1: Agricultural exports in Southern African Custom's Union, 1992–2002 (value in million rands)

Table 2: Agricultural imports in Southern African Custom's Union, 1992–2002 (Value in million rands)

Figure 3: Real exchange rates and openness of the South African economy, 1960–2003 Source: IMF data

Figure 3: Real exchange rates and openness of the South African economy, 1960–2003 Source: IMF data

Table 3: VEC estimates of South African import demand for agricultural products, 1965–2001

Table 4: VEC estimates of agricultural export supply model for South Africa, 1963–2000

Table 5: Short-run estimates of aggregate agricultural import demand and export supply models for South Africa, 1965–2001

Figure 4: Responses of agricultural exports to one standard deviation shock in other variables

Figure 4: Responses of agricultural exports to one standard deviation shock in other variables

Figure 5: Responses of agricultural imports to one standard deviation shock in other variables

Figure 5: Responses of agricultural imports to one standard deviation shock in other variables

Table 6: Decomposition of forecast error variance k-years ahead for agricultural import demand model

Table 7: Decomposition of forecast error variance k-years ahead for agricultural export supply

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