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Specification Of Agricultural Supply Functions - Empirical Evidence On Wheat In Southern N.S.W

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  • Griffiths, William E.
  • Anderson, Jock R.

Abstract

The implications of alternative disturbance specifications in supply functions have been considered in recent theoretical work but little, if any, empirical evidence has been provided on such specifications. Any empirical investigation of the nature of a supply function disturbance is hampered by considerable uncertainty about the deterministic part of the function. Nevertheless, some progress might be made by considering alternative disturbance specifications in conjunction with a variety of deterministic specifications. Applying this approach to the supply of wheat in southern N.S.W., we find some empirical support for an additive disturbance and, surprisingly, for the use of price, rather than revenue, as an argument In supply functions.

Suggested Citation

  • Griffiths, William E. & Anderson, Jock R., 1978. "Specification Of Agricultural Supply Functions - Empirical Evidence On Wheat In Southern N.S.W," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 1-14, August.
    • Handle: RePEc:ags:ajaeau:22712
    DOI: 10.22004/ag.econ.22712
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    Cited by:

    1. Anderson, Jock R., 1979. "Impacts of Climatic Variability in Australian Agriculture: A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(03), pages 1-31, December.
    2. Amina Al Naabi & Shekar Bose, 2020. "Do Regulatory Measures Necessarily Affect Oman’s Seafood Export-Supply?," SAGE Open, , vol. 10(3), pages 21582440209, August.
    3. B. A. Sanderson & J. J. Quilkey & J. W. Freebairn, 1980. "Supply Response Of Australian Wheat Growers," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 24(2), pages 129-140, August.
    4. Griffiths, William & Thomson, Graeme & Coelli, Tim, 1995. "Predicting Output From Seemingly Unrelated Area And Yield Equations," 1995 Conference (39th), February 14-16, 1995, Perth, Australia 170821, Australian Agricultural and Resource Economics Society.
    5. Anderson, Jock R., 2003. "Risk in rural development: challenges for managers and policy makers," Agricultural Systems, Elsevier, vol. 75(2-3), pages 161-197.
    6. Anderson, Jock R. & Dillon, John L. & Hazell, Peter B.R. & Cowie, A.J. & Wan, G.H., 1988. "Changing Variability in Cereal Production in Australia," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 56(03), pages 1-17, December.
    7. Coelli, Tim J., 1992. "Forecasting Wheat Production Using Shire Level Data," 1992 Conference (36th), February 10-13, 1992, Canberra, Australia 146430, Australian Agricultural and Resource Economics Society.
    8. 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), pages 1-22, December.

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