|
AgEcon Search >
Australian Agricultural and Resource Economics Society >
2008 Conference (52nd), February 5-8, 2008, Canberra, Australia >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/6009
|
| Title: | Multi-Output Broadacre Agricultural Production: Estimating A Cost Function Using Quasi-Micro Farm Level Data From Australia |
| Authors: | Nguyen, Duong T.M.
McLaren, Keith Robert
Zhao, Xueyan |
| Authors (Email): | Nguyen, Duong T. M. (dawn.nguyen@buseco.monash.edu.au) |
| Issue Date: | 2008 |
| Series/Report no.: | Conference Paper |
| Abstract: | Existing econometric models for Australian broadacre agricultural production are few and have become dated. This paper estimates a multi-product restricted cost function using a unique quasi-micro farm level dataset from the Australian Agricultural and Grazing Industries Survey. Both the transcendental logarithmic and normalized quadratic functional forms are employed. Heteroskedasticity caused by the particular nature of the quasi-micro data is also assessed and accommodated. Allen partial elasticities of input substitution and own-and cross-price input demand elasticities are computed. The estimated demands for most production factors are inelastic to prices. Hired labour is responsive to own price and cropping input prices. |
| URI: | http://purl.umn.edu/6009 |
| Institution/Association: | Australian Agricultural and Resource Economics Society - 2008>2008 Conference (52nd), February 5-8, 2008, Canberra, Australia |
| Total Pages: | 41 |
| Collections: | 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia
|
Files in This Item:
| File |
Description |
Size | Format |
|---|
| cp08ng01.pdf | | 382Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
