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Growth And Size Economies Over Space And Time: Wheat-Sheep Farms In New South Wales

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  • Ryan, James G.

Abstract

Time series and cross-sectional data for 18 years on 26 N.S.W. wheat-sheep properties are combined to test whether farms that grew in size over time reaped the postulated size economies derived from the cross-sectional statistical cost functions. Realised economies of farms that remained in the industry and changed in size during the 18-year period were found to be significantly greater than measured potential economies from 'static' cost functions would have suggested. The 'dynamic economies of growth' differed significantly amongst farms indicating there was no single economy of size curve along which farms moved.

Suggested Citation

  • Ryan, James G., 1976. "Growth And Size Economies Over Space And Time: Wheat-Sheep Farms In New South Wales," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(3), pages 1-19, December.
    • Handle: RePEc:ags:ajaeau:22379
    DOI: 10.22004/ag.econ.22379
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    References listed on IDEAS

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    1. Ryan, James G., 1972. "Forum - Economies of Size in Wheat Production: Comment," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 40(04), pages 1-3, December.
    2. S.F. Harris, 1970. "Farm Adjustment And The Role Of Government," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 14(2), pages 107-120, December.
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    9. Freebairn, John W., . "Some Estimates of Supply and Inventory Response Functions for the Cattle and Sheep Sector of New South Wales," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 41(02-3), pages 1-38.
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    Cited by:

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    2. Sanzidur Rahman & Asif Reza Anik & Jaba Rani Sarker, 2022. "Climate, Environment and Socio-Economic Drivers of Global Agricultural Productivity Growth," Land, MDPI, vol. 11(4), pages 1-17, April.

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