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Discovering Production and Supply Relationships: Present Status and Future Opportunities

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  • Just, Richard E.

Abstract

In this paper the current state of supply modelling in agriculture is reviewed. It is argued that (I) the stock of knowledge of elasticities is depreciating, (2) historical estimates are misleading because many phenomena are confounded in few parameters, (3) available data are not being efficiently exploited, and (4) a proliferation of hypotheses is leading to an inability to discriminate in an appropriately comprehensive context. The latter problem is leading to an inability to do forward-looking analyses. Several suggestions are made for dealing with these problems that involve some relaxation of the standard of objectivity which in reality is unattainable in many kinds of practical applied work.

Suggested Citation

  • Just, Richard E., 1993. "Discovering Production and Supply Relationships: Present Status and Future Opportunities," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 61(01), April.
  • Handle: RePEc:ags:remaae:10322
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    Cited by:

    1. Torre Ugarte, Daniel de la & Sanford, Scott & Skinner, Robert A. & Westcott, Paul C. & Lin, William W., 2000. "Supply Response Under The 1996 Farm Act And Implications For The U.S. Field Crops Sector," Technical Bulletins 33568, United States Department of Agriculture, Economic Research Service.
    2. Just, Richard E., 2003. "Risk research in agricultural economics: opportunities and challenges for the next twenty-five years," Agricultural Systems, Elsevier, vol. 75(2-3), pages 123-159.
    3. Diebold, Francis X. & Lamb, Russell L., 1997. "Why are estimates of agricultural supply response so variable?," Journal of Econometrics, Elsevier, vol. 76(1-2), pages 357-373.
    4. Kingwell, R. S. & Ghadim, A. K. Abadi & Robinson, S. D. & Young, J. M., 1995. "Introducing Awassi sheep to Australia: an application of farming system models," Agricultural Systems, Elsevier, vol. 47(4), pages 451-471.
    5. McGregor, M. J. & Rola-Rubzen, M. F. & Murray-Prior, R., 2001. "Micro and macro-level approaches to modelling decision making," Agricultural Systems, Elsevier, vol. 69(1-2), pages 63-83.
    6. Wossink, G. A. A. & Oude Lansink, A. G. J. M. & Struik, P. C., 2001. "Non-separability and heterogeneity in integrated agronomic-economic analysis of nonpoint-source pollution," Ecological Economics, Elsevier, vol. 38(3), pages 345-357, September.
    7. Templeton, Deborah J. & Griffith, Garry R. & Piggott, Roley R. & O'Donnell, Christopher J., 2004. "Measuring the Impact of Staple Strength-Enhancing Technologies on Australian Wool Producer Profits: A Duality-Based Approach," Working Papers 12922, University of New England, School of Economics.
    8. Vavra, Pavel & Colman, David, 2003. "The analysis of UK crop allocation at the farm level: implications for supply response analysis," Agricultural Systems, Elsevier, vol. 76(2), pages 697-713, May.
    9. Britz, Wolfgang & van Ittersum, Martin K. & Oude Lansink, Alfons G.J.M. & Heckelei, Thomas, 2012. "Tools for Integrated Assessment in Agriculture. State of the Art and Challenges," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), issue 2, August.
    10. Alford, Andrew R. & Griffith, Garry R. & Cacho, Oscar J., 2003. "A Northern Tablelands Whole-Farm Linear Program for Economic Evaluation of New Technologies at the Farm-Level," Research Reports 28010, New South Wales Department of Primary Industries Research Economists.
    11. Just, Richard E., 2000. "Some Guiding Principles for Empirical Production Research in Agriculture," Agricultural and Resource Economics Review, Cambridge University Press, vol. 29(02), pages 138-158, October.
    12. Bingxin Yu & Shenggen Fan, 2011. "Rice production response in Cambodia," Agricultural Economics, International Association of Agricultural Economists, vol. 42(3), pages 437-450, May.
    13. Olubode-Awosola, O.O. & van Schalkwyk, H.D. & Jooste, A., 2008. "Mathematical modeling of the South African land redistribution for development policy," Journal of Policy Modeling, Elsevier, vol. 30(5), pages 841-855.
    14. A. P. Moxey & B. White & R. A. Sanderson & S. P. Rushton, 1995. "An Approach To Linking An Ecological Vegetation Model To An Agricultural Economic Model," Journal of Agricultural Economics, Wiley Blackwell, vol. 46(3), pages 381-397.
    15. Kingwell, Ross, 1996. "Programming models of farm supply response: The impact of specification errors," Agricultural Systems, Elsevier, vol. 50(3), pages 307-324.
    16. John Roufagalas, 2015. "Supply Locus: A Note on the Supply Decisions of Monopolistic Firms," Journal for Economic Educators, Middle Tennessee State University, Business and Economic Research Center, vol. 15(1), pages 13-18, Fall.
    17. Yu, Bingxin & Liu, Fengwei & You, Liangzhi, 2010. "Dynamic agricultural supply response under economic transformation," IFPRI discussion papers 987, International Food Policy Research Institute (IFPRI).
    18. Tomek, William G., 2000. "Commodity Prices Revisited," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 29(2), October.
    19. Ranjan Paltasingh, Kirtti & Goyari, Phanindra, 2013. "Supply Response in Rainfed Agriculture of Odisha, Eastern India: A Vector Error Correction Approach," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 14(2), June.

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    Demand and Price Analysis;

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