Some Comparisons of Recent Estimates of Agricultural Supply Elasticities for the Australian Economy
An accurate knowledge of the supply responsiveness of agricultural exporting industries is crucial if sensible judgements are to be made about diverse policy initiatives, including initiatives having no obvious connection with agriculture. In this paper we compare some recent estimates of short-run supply elasticities for agricultural commodities in the Australian economy. Our attention is focussed particularly on the different types of production technologies and econometric methods used to derive values for these elasticities.
Volume (Year): 56 (1988)
Issue (Month): 03 (December)
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