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Estimating Distributional Impacts of an Innovation Across Sectors in an Industry: A case study of the Australian wool industry

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  • Collins, David J.
  • Davidson, Brian
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    Abstract

    In this paper an approach that can be used to determine the distribution of a productivity gain on an industry is detailed. In particular, the model developed in this paper extends earlier evaluations by emphasising the crucial role of substitution between inputs across different participants in the supply chain. Crucial to any analysis of an industry are the estimates of the elasticity's of derived demand at each stage and how it changes, as the product is further refined. The wool industry is used to illustrate the effects of an innovation across sectors.

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    File URL: http://purl.umn.edu/58395
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    Bibliographic Info

    Paper provided by Australian Agricultural and Resource Economics Society in its series 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia with number 58395.

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    Date of creation: Feb 2004
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    Handle: RePEc:ags:aare04:58395

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    Keywords: Agribusiness; Production Economics;

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    1. Piggott, Roley R., 1992. "Some Old Truths Revisited," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 36(02), August.
    2. Freebairn, John W., 1992. "Evaluating The Level And Distribution Of Benefits From Dairy Industry Research," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 36(02), August.
    3. John D. Mullen & Julian M. Alston & Michael K. Wohlgenant, 1989. "The Impact Of Farm And Processing Research On The Australian Wool Industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 32-47, 04.
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