Supply Response of Tobacco Output to Price Changes in Zimbabwe (1980 to 2015)
The main objective of the study was to estimate the responsiveness of tobacco supply to change in prices in Zimbabwe. Historical time series data from 1980 to 2015 and the OLS approach were used in order to achieve the stated objective. The study followed the adapted ARDL Nerlove (1958) logarithmic supply response model also used by Leaver (2004). All variables except for short-run technological improvements and sales quotas were found to be statistically significant. Supply of tobacco in Zim...