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A Quarterly Model Of The Australian Agricultural Sector

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  • C.D. Throsby
  • David J.S. Rutledge

Abstract

Several farm sector econometric models are reviewed initially and the aggregation problem highlighted. A thirty-equation model of the Australian agricultural sector is specified in which farm output, stocks and exports and the domestic demand for farm products are endogenous, as well as farm, export and retail prices. Disaggregation is into food and non-food components of unprocessed output, and the processing of food is traced through to final demand. The model is estimated by a modified 2SLS procedure using quarterly data covering the period 1960-1970.
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Suggested Citation

  • C.D. Throsby & David J.S. Rutledge, 1977. "A Quarterly Model Of The Australian Agricultural Sector," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 21(3), pages 157-168, December.
    • Handle: RePEc:bla:ajarec:v:21:y:1977:i:3:p:157-168
    DOI: j.1467-8489.1977.tb00203.x
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    References listed on IDEAS

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    1. Walter C. Labys, 1975. "The Problems and Challenges for International Commodity Models and Model Builders," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(5), pages 873-878.
    2. Labys, Walter C., 1975. "The Problems and Challenges For International Commodity Models and Model Studies," 1975 Annual Meeting, August 10-13, Columbus, Ohio 284098, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Alvin C. Egbert, 1969. "An Aggregate Model of Agriculture—Empirical Estimates and Some Policy Implications," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(1), pages 71-86.
    4. Gordon A. King, 1975. "Econometric Models of the Agricultural Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(2), pages 164-171.
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