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Production Structure And The Australian Sawmilling Industry

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  • Bigsby, Hugh R.
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    Abstract

    This paper examines the production structure of the Australian sawmilling sector over the period 1950-51 to 1984-85 using a translog cost function. The results show that the sawmilling industry is best represented by a production function which does not have any restrictions on functional form. Inputs, including capital, labour, materials and energy, are generally found to substitutable for one another, although the degree of substitutability is small. There have been economies of scale in the Australian sawmilling industry, and technological change has been capital and energy-using, and labour and materials-saving.

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    File URL: http://purl.umn.edu/22730
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    Bibliographic Info

    Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

    Volume (Year): 38 (1994)
    Issue (Month): 03 (December)
    Pages:

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    Handle: RePEc:ags:ajaeau:22730

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    Keywords: Productivity Analysis;

    References

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    1. Berndt, Ernst R & Wood, David O, 1975. "Technology, Prices, and the Derived Demand for Energy," The Review of Economics and Statistics, MIT Press, vol. 57(3), pages 259-68, August.
    2. J. C. Nautiyal & B. K. Slngh, 1986. "Long-Term Productivity and Factor Demand in the Canadian Pulp and Paper Industry," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 34(1), pages 21-44, 03.
    3. Campbell, H F & Jennings, S M, 1990. "Cost, Technology and Input Demand in the Tasmanian Sawmilling Industry," Australian Economic Papers, Wiley Blackwell, vol. 29(55), pages 272-82, December.
    4. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
    5. Christensen, Laurits R & Greene, William H, 1976. "Economies of Scale in U.S. Electric Power Generation," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 655-76, August.
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    Cited by:
    1. David Walker, 2014. "The Economic Potential for Forest-Based Carbon Sequestration under Different Emissions Targets and Accounting Schemes," Working Papers 2014.02, School of Economics, La Trobe University.
    2. Griffiths, William E. & O'Donnell, Christopher J. & Cruz, Agustina Tan, 2000. "Imposing regularity conditions on a system of cost and factor share equations," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 44(1), March.
    3. Krasachat, Wirat, 2000. "Production Structure and Technical Change in Thai Agriculture, 1972-1994," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123688, Australian Agricultural and Resource Economics Society.
    4. Chand, Narendra & Kerr, Geoffrey N. & Bigsby, Hugh R., . "Why some community forests are performing better than others: a case of forest user groups in Nepal," 2010 Conference, August 26-27, 2010, Nelson, New Zealand 96827, New Zealand Agricultural and Resource Economics Society.
    5. Roos, Anders & Flinkman, Matti & Jappinen, Armas & Lonner, Goran & Warensjo, Mats, 2001. "Production strategies in the Swedish softwood sawmilling industry," Forest Policy and Economics, Elsevier, vol. 3(3-4), pages 189-197, November.

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