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Assessing the Impacts of Wool Promotion An Equilibrium Displacement Modelling Approach

Author

Listed:
  • Hill, D. J.
  • Piggott, R.R.
  • Griffith, G.R.

Abstract

The main goal of the International Wool Secretariat (IWS) is to increase the world demand for wool through promotion activities. Australia is a leading wool producer and the world's largest apparel wool exporter. Each year Australian wool producers contribute millions of dollars to the IWS for wool promotion. The principal aims of this paper are to demonstrate the potential for equilibrium displacement modelling to assess the impact of incremental wool promotion on wool producer incomes and profits, and, using 'best~bet' estimates of the key parameters, to indicate cross-commodity impacts of promotion of various fibres on wool producer profits.

Suggested Citation

  • Hill, D. J. & Piggott, R.R. & Griffith, G.R., 1995. "Assessing the Impacts of Wool Promotion An Equilibrium Displacement Modelling Approach," 1995 Conference (39th), February 14-16, 1995, Perth, Australia 170852, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare95:170852
    DOI: 10.22004/ag.econ.170852
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    File URL: https://ageconsearch.umn.edu/record/170852/files/1995-06-13-15.pdf
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    Cited by:

    1. Zhao, Xueyan & Griffiths, William E. & Griffith, Garry R. & Mullen, John D., 2000. "Probability distributions for economic surplus changes: the case of technical change in the Australian wool industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 44(1), pages 1-24.
    2. Zhao, Xueyan & Griffith, Garry R. & Mullen, John D., 1996. "The Competitive Structure of the Australian Meat and Livestock Industries," 1996 Conference (40th), February 11-16, 1996, Melbourne, Australia 156589, Australian Agricultural and Resource Economics Society.

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