THE ELASTICITY OF AGGREGATE AUSTRALIAN AGRICULTURAL SUPPLY: ESTIMATES AND POLICY IMPLICATIONS

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dc.creatorPandey, Sushil
dc.creatorPiggott, Roley R.
dc.creatorMacAulay, T. Gordon
dc.date2017-04-01T19:53:45Z
dc.date.accessioned2026-07-09T03:40:48Z
dc.descriptionAnnual time series data for the period 1950-51 through 1975-76 are used to estimate the price elasticity of aggregate Australian agricultural supply using two methods. The short-run elasticity is estimated to be highly inelastic but it has been increasing through time. The preferred estimate of the long-run elasticity is in the relatively inelastic range and it has also been increasing through time. Some implications of these results for intersectoral resource flows and compensatory assistance, the cost-price squeeze, the effects of the mineral boom and monetary policy are discussed.
dc.identifierdoi:10.22004/ag.econ.22705
dc.identifierhttps://ageconsearch.umn.edu/record/22705/files/26030202.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/22705
dc.identifier.urihttp://hdl.handle.net/123456789/538134
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/22705
dc.titleTHE ELASTICITY OF AGGREGATE AUSTRALIAN AGRICULTURAL SUPPLY: ESTIMATES AND POLICY IMPLICATIONS
dc.typeText

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