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The effects of mining sector growth are analysed with a five-sector general equilibrium model. The effect of the mineral discoveries is to cause the agricultural sector to contract, but to cause the import-competing sector to expand by a small amount--a result which differs from Gregory's (1976)...
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R. G. Gregory's article on the effects of mineral discoveries on the Australian economy (Australian Journal of Agricultural Economics, August 1976) has attracted much attention. While the partial-equilibrium nature of his model has enabled it to be absorbed readily, it has the usual theoretical...
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Public utilities which apply roughly uniform prices to all consumers often engage in cross-subsidisation - charging prices which are below cost for consumers in low population density areas but above cost for consumers in high density areas. The distributional and allocative implications of this...
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Conjoint measurement was used to determine consumer preference for fresh pork produced with genetically engineered porcine somatotropin (pST). A preference model was constructed based on three pork attributes, degree of fat reduction, price, and production technology, which allowed for...
Persistent link: https://www.econbiz.de/10005220710
An implicit rental price approach is used to analyse the determinants of farm tractor investment at the aggregate level. Three models, based on different assumed factor substitutabilities, are compared. Variations in the rental price of tractors appear to have less effect on demand than...
Persistent link: https://www.econbiz.de/10005220718
A simple model is developed relating the debt and asset portfolio of the farm to the production decision, which leads to a small non-linear system of equations. The system is estimated with time-series cross-sectional data from Australian broadacre agriculture using non-linear three-stage least...
Persistent link: https://www.econbiz.de/10005220729