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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- Wall, Charles A. & Fisher, Brian S., 1988. "Supply Response and the Theory of Production and Profit Functions," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 56(03), December.
- Watts, Geof & Quiggin, John C., 1984. "A Note on the Use of a Logarithmic Time Trend," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 52(02), August.
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- Fisher, Brian S. & Munro, Robyn G., 1983. "Supply Response In The Australian Extensive Livestock And Cropping Industries: A Study Of Intentions And Expectations," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 27(01), April.
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- Hall, Nigel H. & Fraser, L. & Purtill, A., 1988. "Supply Response in Broadacre Agriculture," 1988 Conference (32nd), February 8-11, 1988, Melbourne, Australia 144033, Australian Agricultural and Resource Economics Society.
- Vincent, David P & Dixon, Peter B & Powell, Alan A, 1980. "The Estimation of Supply Response in Australian Agrucilture: The CRESH/CRETH Production System," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 221-42, February.
- Byron, R P, 1970. "The Restricted Aitken Estimation of Sets of Demand Relations," Econometrica, Econometric Society, vol. 38(6), pages 816-30, November.
- Peter B. Dixon & David P. Vincent & Alan A. Powell, 1976. "Factor Demand and Product Supply Relations in Australian Agriculture : The CRESH/CRETH Production System," Centre of Policy Studies/IMPACT Centre Working Papers op-08, Victoria University, Centre of Policy Studies/IMPACT Centre.
- Randal R. Rucker & Oscar R. Burt & Jeffrey T. LaFrance, 1984. "An Econometric Model of Cattle Inventories," Monash Economics Working Papers archive-25, Monash University, Department of Economics.
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