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