Some Comparisons of Recent Estimates of Agricultural Supply Elasticities for the Australian Economy
AbstractAn accurate knowledge of the supply responsiveness of agricultural exporting industries is crucial if sensible judgements are to be made about diverse policy initiatives, including initiatives having no obvious connection with agriculture. In this paper we compare some recent estimates of short-run supply elasticities for agricultural commodities in the Australian economy. Our attention is focussed particularly on the different types of production technologies and econometric methods used to derive values for these elasticities.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.
Volume (Year): 56 (1988)
Issue (Month): 03 (December)
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- Wall, Charles A. & Fisher, Brian S., 1988. "Supply Response and the Theory of Production and Profit Functions," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 56(03), December.
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- Kingwell, Ross, 1996. "Programming models of farm supply response: The impact of specification errors," Agricultural Systems, Elsevier, vol. 50(3), pages 307-324.
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- Agbola, Frank W., 1999. "The Structure of Production and Investment in Australia's Pastoral Zone," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand 122327, Australian Agricultural and Resource Economics Society.
- Culas, Richard J., 2011. "Area response in wheat production: The Australian wheat-sheep zone," AFBM Journal, Australasian Farm Business Management Network, vol. 8(1).
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