Production Structure And The Australian Sawmilling Industry
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.
Volume (Year): 38 (1994)
Issue (Month): 03 (December)
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- 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.
- 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.
- Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
- 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.
- 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.
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