期刊名称：International Journal of Food and Agricultural Economics
印刷版ISSN：2147-8988
出版年度：2015
卷号：3
期号：1
页码：63-76
出版社：International Journal of Food and Agricultural Economics
摘要：Namibia introduced the "Small Stock Marketing Scheme" (SSMS) in 2004 which replaced 15% export duty on live sheep exports to South Africa with progressively dema nding quantitative restrictions. This policy increased price volatility in the Namibian sheep market. We used relevant monthly price data and employed EGARCH modeling to determine if price volatility spilled-over from the sheep market in Namibia to South African sheep market. About 71 percent of the volatility in the Namibian sheep market is transmitted to the retail market in South Africa and the transmitted volatility remains persistent.
