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The Returns To Investment In Research On Australian Wool Production

  • Scobie, Grant M.
  • Mullen, John D.
  • Alston, Julian M.

A production function approach is used to estimate growth in farm productivity in the Australian wool industry from an estimated level of expenditure on wool production R & D. A market equilibrium model of the wool industry is then used to measure the share of total benefits from this productivity growth accruing to Australia and its wool growers. A net return is estimated after allowing for lags in the development and adoption of technology.

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File URL: http://purl.umn.edu/22764
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Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

Volume (Year): 35 (1991)
Issue (Month): 02 (August)
Pages:

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Handle: RePEc:ags:ajaeau:22764
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  1. McLean, I W, 1973. "Growth and Technological Change in Agriculture: Victoria 1870-1910," The Economic Record, The Economic Society of Australia, vol. 49(128), pages 560-74, December.
  2. Mullen, John D. & Alston, Julian M. & Wohlgenant, Michael K., 1989. "The Impact Of Farm And Processing Research On The Australian Wool Industry," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(01), April.
  3. Davis, Jeffrey S. & Oram, Peter A. & Ryan, James G., 1987. "Assessment of Agricultural Research Priorities: An International Perspective," Monographs, Australian Centre for International Agricultural Research, number 118048.
  4. Pardey, Philip G., 1986. "Public sector production of agricultural knowledge," Faculty Theses and Dissertations 121800, University of Minnesota, Department of Applied Economics.
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