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Production Structure And The Australian Sawmilling Industry

  • Bigsby, Hugh R.
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    This paper examines the production structure of the Australian sawmilling sector over the period 1950-51 to 1984-85 using a translog cost function. The results show that the sawmilling industry is best represented by a production function which does not have any restrictions on functional form. Inputs, including capital, labour, materials and energy, are generally found to substitutable for one another, although the degree of substitutability is small. There have been economies of scale in the Australian sawmilling industry, and technological change has been capital and energy-using, and labour and materials-saving.

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    File URL: http://purl.umn.edu/22730
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    Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

    Volume (Year): 38 (1994)
    Issue (Month): 03 (December)
    Pages:

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    Handle: RePEc:ags:ajaeau:22730
    Contact details of provider: Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200
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    1. Campbell, H F & Jennings, S M, 1990. "Cost, Technology and Input Demand in the Tasmanian Sawmilling Industry," Australian Economic Papers, Wiley Blackwell, vol. 29(55), pages 272-82, December.
    2. J. C. Nautiyal & B. K. Slngh, 1986. "Long-Term Productivity and Factor Demand in the Canadian Pulp and Paper Industry," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 34(1), pages 21-44, 03.
    3. Berndt, Ernst R & Wood, David O, 1975. "Technology, Prices, and the Derived Demand for Energy," The Review of Economics and Statistics, MIT Press, vol. 57(3), pages 259-68, August.
    4. Christensen, Laurits R & Greene, William H, 1976. "Economies of Scale in U.S. Electric Power Generation," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 655-76, August.
    5. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
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