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APMAA Estimates of Supply Elasticities for Australian Wool, Beef and Wheat

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  • Wicks, John A.
  • Dillon, John L.

Abstract

Based on the University of New England's Aggregative Programming Model of Australian Agriculture (APMAA), estimates of own and cross-price elasticities of supply for wool, beef and wheat under two scenarios are presented by State, B.A.E. zone, farm type and for Australia as a whole. Where possible, these estimates are compared with previous estimates based on econometric analysis of time-series data.

Suggested Citation

  • Wicks, John A. & Dillon, John L., 1978. "APMAA Estimates of Supply Elasticities for Australian Wool, Beef and Wheat," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 46(01), pages 1-10, April.
    • Handle: RePEc:ags:remaae:10335
    DOI: 10.22004/ag.econ.10335
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    References listed on IDEAS

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    1. Powell, Alan A. & Gruen, Fred H.G., 1967. "The Estimation Of Production Frontiers: The Australian Livestock/Cereals Complex," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 11(1), pages 1-19, June.
    2. C. Richard Shumway & Anne A. Chang, 1977. "Linear Programming versus Positively Estimated Supply Functions: An Empirical and Methodological Critique," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(2), pages 344-357.
    3. Thomas A. Miller, 1972. "Evaluation of Alternative Flexibility Restraint Procedures for Recursive Programming Models Used for Prediction," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(1), pages 68-76.
    4. J.H. Duloy & A.S. Watson, 1964. "Supply Relationships In The Australian Wheat Industry: New South Wales," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 8(1), pages 28-45, June.
    5. Freebairn, John W., 1973. "Some Estimates of Supply and Inventory Response Functions for the Cattle and Sheep Sector of New South Wales," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 41(02-3), pages 1-38, June.
    6. Duloy, J.H. & Watson, Alistair S., 1964. "Supply Relationships In The Australian Wheat Industry: New South Wales," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 8(01), pages 1-18, June.
    7. William H. Witherell, 1969. "A Comparison of the Determinants of Wool Production in the Six Leading Producing Countries: 1949–1965," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(1), pages 138-158.
    8. John L. Dillon, 1960. "Some Tentative Supply Elasticities For Sheep And Dairy Products," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 4(2), pages 130-133, December.
    9. Dillon, John L., 1960. "Some Tentative Supply Elasticities For Sheep And Dairy Products," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 4(2), pages 1-4, December.
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    Cited by:

    1. Kingwell, Ross S., 1995. "Effects of Tactical Responses and Risk Aversion on Farm Wheat Supply," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 62(01), pages 1-14, April.
    2. Zhao, Xueyan & Mullen, John D. & Griffith, Garry R. & Griffiths, William E. & Piggott, Roley R., 2000. "An Equilibrium Displacement Model of the Australian Beef Industry," Research Reports 28007, New South Wales Department of Primary Industries Research Economists.
    3. Kingwell, Ross, 1996. "Programming models of farm supply response: The impact of specification errors," Agricultural Systems, Elsevier, vol. 50(3), pages 307-324.
    4. John D. Mullen & Julian M. Alston & Michael K. Wohlgenant, 1989. "The Impact Of Farm And Processing Research On The Australian Wool Industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 32-47, April.
    5. Pandey, Sushil & Piggott, Roley R. & MacAulay, T. Gordon, 1982. "The Elasticity Of Aggregate Australian Agricultural Supply: Estimates And Policy Implications," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 26(3), pages 1-18, December.
    6. McKay, Lloyd & Lawrence, Denis & Vlastuin, Chris, 1982. "Production Flexibility and Technical Change in Australia's Wheat-Sheep Zone," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 50(01), pages 1-18, April.

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    Keywords

    Demand and Price Analysis;

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