<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1900-3803</journal-id>
<journal-title><![CDATA[Entramado]]></journal-title>
<abbrev-journal-title><![CDATA[Entramado]]></abbrev-journal-title>
<issn>1900-3803</issn>
<publisher>
<publisher-name><![CDATA[Universidad Libre de Cali]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1900-38032021000100250</article-id>
<article-id pub-id-type="doi">10.18041/1900-3803/entramado.1.7243</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Estimation of peach supply response in Colombia using a Vector Error Correction Model]]></article-title>
<article-title xml:lang="es"><![CDATA[Estimación de la respuesta de la oferta de durazno en Colombia mediante el modelo de vector de corrección de errores]]></article-title>
<article-title xml:lang="pt"><![CDATA[Estimativa da resposta de fornecimento de pêssego na Colômbia usando um Modelo de Correcção de Erros Vectoriais]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cancino]]></surname>
<given-names><![CDATA[Susan Elsa]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cancino-Escalante]]></surname>
<given-names><![CDATA[Giovanni Orlando]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,University of Pamplona  ]]></institution>
<addr-line><![CDATA[Pamplona ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,University of Pamplona  ]]></institution>
<addr-line><![CDATA[Pamplona ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<volume>17</volume>
<numero>1</numero>
<fpage>250</fpage>
<lpage>260</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S1900-38032021000100250&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S1900-38032021000100250&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S1900-38032021000100250&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT An empirical study of peach supply response to own-price and yield in Colombia using time series data from 2000 to 2018 was undertaken. A quantitative, correlational and non-experimental research design was selected and the Johansen's co-integration as well as the vector error correction framework were employed. The Augmented Dickey-Fuller test showed that the time series were integrated of order one and the Johansen's co-integration confirmed the existence of a long-term relationship between the variables. Moreover; the short and long run coefficients for own-price and yield were statistically significant and presented the expected signs, however estimated own-price elasticity was below unit suggesting it is not an important factor in peach supply response. Furthermore, the vector error correction coefficient (-0.32) was negative and in line with theory which showed that in the long-run, the model converges towards equilibrium, however at a relatively slow pace. Therefore, it can be concluded that, overall, the proposed model contributes to the understanding of the dynamics in peach output supply]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN Se realizó un estudio empírico sobre la respuesta a la oferta de durazno con relación a su precio y rendimiento agr'cola en Colombia, utilizando datos de series de tiempo para el per'odo comprendido entre 2000 y 2018. Se seleccionó un diseño de investigación cuantitativo, correlacional y no experimental y se empleó la cointegración de Johansen y el modelo de vector de corrección de errores. Los resultados de la a prueba de Aumentada de Dickey-Fuller demostraron que las series temporales estaban integradas en el orden uno y la cointegración de Johansen confirmó la existencia de una relación a largo plazo entre las variables. Además, los coeficientes del precio y rendimiento a largo y corto plazo fueron estadísticamente significativos y presentaron los signos esperados. Sin embargo, la elasticidad precio estimada fue inferior a la unidad, lo cual sugiere que no es un factor importante en la respuesta de la oferta de durazno. Asimismo, el coeficiente de corrección de error del vector (-0.32) fue negativo y en línea con la teoría, denostando que, a largo plazo, el modelo converge hacia al equilibrio, pero a una velocidad relativamente lenta. Por lo tanto, se puede concluir que, en general, el modelo propuesto, contribuye a la comprensión de la dinámica de la respuesta de la oferta de durazno.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[RESUMO Realizou-se um estudo empírico da resposta da oferta de pêssego em função do seu preço e rendimento agrícola na Colômbia, usando dados de séries temporais para o período entre 2000 a 2018. O estudo usou um desenho de pesquisa quantitativa, correlacional e não experimental assim como a cointegração de Johansen e o modelo Vetorial de Correção de Erro. Os resultados do teste Aumentado de Dickey-Fuller demonstraram que as séries são integradas de ordem um e a cointegração de Johansen confirmou a existência de uma relação de longo prazo entre as variáveis. Além disso, os coeficientes do curto e longo prazo para preço e rendimento foram estatisticamente significantes e apresentaram os sinais esperados; no entanto, a elasticidade estimada do preço foi menor que a unidade, sugerindo que não é um fator importante na resposta da oferta de pêssego. Além disso, o coeficiente de correção de erros vetoriais (-0,32) foi negativo e alinhado à teoria, que mostrou que, a longo prazo, o modelo converge para o equilíbrio, porém a um ritmo relativamente lento. Portanto, pode-se concluir que, de maneira geral, o modelo proposto contribui para entender a dinâmica da oferta de produção de pêssego.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Vector error correction model]]></kwd>
<kwd lng="en"><![CDATA[Johansen's co-integration]]></kwd>
<kwd lng="en"><![CDATA[peach output supply]]></kwd>
<kwd lng="en"><![CDATA[long-term equilibrium]]></kwd>
<kwd lng="es"><![CDATA[Modelo de corrección de errores vectoriales]]></kwd>
<kwd lng="es"><![CDATA[Cointegración de Johansen]]></kwd>
<kwd lng="es"><![CDATA[respuesta de la oferta de durazno]]></kwd>
<kwd lng="es"><![CDATA[equilibrio de largo plazo]]></kwd>
<kwd lng="pt"><![CDATA[Modelo vetorial de correção de erros]]></kwd>
<kwd lng="pt"><![CDATA[cointegração de Johansen]]></kwd>
<kwd lng="pt"><![CDATA[resposta da oferta de pêssego]]></kwd>
<kwd lng="pt"><![CDATA[equilíbrio de longo prazo]]></kwd>
</kwd-group>
</article-meta>
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