IDEAS home Printed from https://ideas.repec.org/a/ags/ajaeau/22379.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/22379/files/20030160.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.22379?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mitchell, Robert W, 1971. "Long-run Cost Curves: A Comment," Journal of Industrial Economics, Wiley Blackwell, vol. 20(1), pages 96-98, November.
    2. Jock R. Anderson & Roy A. Powell, 1973. "Economics Of Size In Australian Farming," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 17(1), pages 1-16, April.
    3. Roy J. Hensley, 1958. "Economies of Scale in Financial Enterprises," Journal of Political Economy, University of Chicago Press, vol. 66(5), pages 389-389.
    4. Stephen Hymer & Peter Pashigian, 1962. "Firm Size and Rate of Growth," Journal of Political Economy, University of Chicago Press, vol. 70(6), pages 556-556.
    5. Freebairn, John W., 1973. "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, June.
    6. Frank G. Jarrett, 1968. "On The Growth Of The Agricultural Firm," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 12(2), pages 1-15, December.
    7. Jarrett, Frank G., 1968. "On The Growth Of The Agricultural Firm," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 12(2), pages 1-15, December.
    8. 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.
    9. 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.
    10. John A. Hopkin, 1958. "Economies of Size in the Cattle-Feeding Industry of California," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(2), pages 417-429.
    11. Philip M. Raup, 1969. "Economies and Diseconomies of Large-Scale Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(5), pages 1274-1283.
    12. Madden, J. Patrick, 1967. "Economies of Size in Farming: Theory, Analytical Procedures, and a Review of Selected Studies," Agricultural Economic Reports 307322, United States Department of Agriculture, Economic Research Service.
    13. Renborg, Ulf, 1970. "Growth of the Agricultural Firm: Problems and Theories," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 38(02), pages 1-51, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Salim, Ruhul A. & Islam, Nazrul, 2010. "Exploring the impact of R&D and climate change on agricultural productivity growth: the case of Western Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(4), pages 1-22.
    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Baker, C.B. & Barry, Peter J. & Lee, Warren F. & Olson, Carl E. & Hochman, Eithan & Rausser, Gordon S. & Kottke, Marvin W., 1977. "Economic Growth of the Agricultural Firm," Western Region Archives 260636, Western Region - Western Extension Directors Association (WEDA).
    2. Heath Henderson & Leonardo Corral & Eric Simning & Paul Winters, 2015. "Land Accumulation Dynamics in Developing Country Agriculture," Journal of Development Studies, Taylor & Francis Journals, vol. 51(6), pages 743-761, June.
    3. Harris, S.F., 1970. "Farm Adjustment And The Role Of Government," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 14(2), pages 1-14, December.
    4. Christy, Ralph D., 1987. "The Role Of Farmer Cooperatives In A Changing Agricultural Economy," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(1), pages 1-8, July.
    5. Heath Henderson & Leonardo Corral & Eric Simning & Paul Winters, 2015. "Land Accumulation Dynamics in Developing Country Agriculture," Journal of Development Studies, Taylor & Francis Journals, vol. 51(6), pages 743-761, June.
    6. Jensen, Harald R., 1977. "PART I. Farm Management and Production Economics, 1946-70," AAEA Monographs, Agricultural and Applied Economics Association, number 337213, january.
    7. Lembit, Murray & Bhati, U.N., 1987. "Farm Cost Effects of Dairy Policies in New South Wales and Victoria," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 55(03), pages 1-11, December.
    8. Hodge, Ian D., 1983. "Rural Employment and the Quality of Life," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 51(03), pages 1-12, December.
    9. Tew, Bernard V. & Spurlock, Stan & Musser, Wesley N. & Miller, Bill R., 1980. "Some Evidence on Pecuniary Economies of Size for Farm Firms," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(1), pages 151-154, July.
    10. repec:zbw:bofrdp:1988_026 is not listed on IDEAS
    11. Hernan Mondani & Petter Holme & Fredrik Liljeros, 2014. "Fat-Tailed Fluctuations in the Size of Organizations: The Role of Social Influence," PLOS ONE, Public Library of Science, vol. 9(7), pages 1-9, July.
    12. Georgios Fotopoulos & Ioannis Giotopoulos, 2010. "Gibrat’s law and persistence of growth in Greek manufacturing," Small Business Economics, Springer, vol. 35(2), pages 191-202, September.
    13. Laurent Cavenaile & Pau Roldan-Blanco, 2021. "Advertising, Innovation, and Economic Growth," American Economic Journal: Macroeconomics, American Economic Association, vol. 13(3), pages 251-303, July.
    14. Erzo G. J. Luttmer, 2006. "Consumer search and firm growth," Working Papers 645, Federal Reserve Bank of Minneapolis.
    15. Gavin Reid & Zhibin Xu, 2012. "Generalising Gibrat: using Chinese evidence founded on fieldwork," Small Business Economics, Springer, vol. 39(4), pages 1017-1028, November.
    16. Backman, Mikaela & Palmberg, Johanna, 2015. "Contextualizing small family firms: How does the urban–rural context affect firm employment growth?," Journal of Family Business Strategy, Elsevier, vol. 6(4), pages 247-258.
    17. Davis, Bob & Ihnen, Loren A., 1971. "Organization Of Tobacco Farms Under Acreage And Acreage-Poundage Control Programs, Census Subregion 17, North Carolina," Department of Economics and Business - Archive 259535, North Carolina State University, Department of Economics.
    18. G. Bottazzi & E. Cefis & G. Dosi & A. Secchi, 2007. "Invariances and Diversities in the Patterns of Industrial Evolution: Some Evidence from Italian Manufacturing Industries," Small Business Economics, Springer, vol. 29(1), pages 137-159, June.
    19. De Fabritiis, G. & Pammolli, F. & Riccaboni, M., 2003. "On size and growth of business firms," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 324(1), pages 38-44.
    20. Francesca Lotti & Enrico Santarelli & Marco Vivarelli, 2009. "Defending Gibrat’s Law as a long-run regularity," Small Business Economics, Springer, vol. 32(1), pages 31-44, January.
    21. Miller, Matthew Edward, 2003. "An economic perspective on Iowa farm diversification in the twentieth century," ISU General Staff Papers 2003010108000018194, Iowa State University, Department of Economics.

    More about this item

    Keywords

    Livestock Production/Industries;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ajaeau:22379. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.