Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/2441
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dc.contributor.authorMounter, Stuarten
dc.contributor.authorGriffith, Garyen
dc.contributor.authorPiggott, Ronalden
dc.contributor.authorFleming, Euanen
dc.contributor.authorZhao, Xen
dc.date.accessioned2009-10-08T12:42:00Z-
dc.date.issued2008-
dc.identifier.isbn9780734718693en
dc.identifier.urihttps://hdl.handle.net/1959.11/2441-
dc.description.abstractThis report documents the specification of an equilibrium displacement model (EDM) of the Australian sheep and wool industries. The model is capable of estimating and comparing the potential benefits from R&D and generic promotion investments, and other policy changes, in the different sectors and markets of the Australian sheep and wool industries. Inclusive in the model are the multiple components of the Australian sheep and wool industries to account for cross-product interactions not considered in most previous studies. A high degree of industry disaggregation within the model enables estimation of the distribution of the potential benefits among the various industry sectors and across different regional environments. A number of hypothetical R&D and promotion investment scenarios were modelled as 1 per cent exogenous parallel shifts in the relevant market demand or supply curves, although only two scenarios are reported here. Changes in economic surplus were calculated as measures of welfare changes in each of the various industry sectors. In summary, the results from the simulations suggest sheep and wool producers’ gain more from on-farm research than off-farm research; export promotion than domestic promotion; and export promotion than most other R&D scenarios. Domestic consumers gain more from lamb R&D than from promotion, while they gain very little from promotion of wool in the export market. Although needing numerous prices and quantities as inputs, the model is not overtaxing on data requirements, as are econometric models. It can be updated with relative ease, as most of the necessary price and quantity data are readily available from government departments and industry organisations. The model is useful in both ex ante evaluations, as a means of assisting decisions of priority setting and resource allocations, and in ex post evaluations of actual investments or policy impacts. The inclusion of the multiple sheep and wool industry components enhances the accuracy of economic analysis, making the model a valuable tool to assist in industry policy and decision-making.en
dc.languageenen
dc.publisherNSW Government, Department of Primary Industriesen
dc.relation.ispartofseriesEconomic Research Reporten
dc.relation.isversionof1en
dc.titleAn Equilibrium Displacement Model of the Australian Sheep and Wool Industriesen
dc.typeBooken
dc.subject.keywordsAgricultural Economicsen
local.contributor.firstnameStuarten
local.contributor.firstnameGaryen
local.contributor.firstnameRonalden
local.contributor.firstnameEuanen
local.contributor.firstnameXen
local.subject.for2008140201 Agricultural Economicsen
local.subject.seo2008910205 Industry Policyen
local.identifier.epublicationsvtls086506733en
local.profile.schoolUNE Business Schoolen
local.profile.schoolUNE Business Schoolen
local.profile.schoolSchool of Business, Economics and Public Policyen
local.profile.schoolUNE Business Schoolen
local.profile.emailsmounte2@une.edu.auen
local.profile.emailggriffit@une.edu.auen
local.profile.emailrpiggot3@une.edu.auen
local.profile.emailefleming@une.edu.auen
local.output.categoryA1en
local.record.placeauen
local.record.institutionUniversity of New Englanden
local.identifier.epublicationsrecordpes:6246en
local.publisher.placeArmidale, Australiaen
local.format.pages129en
local.series.number38en
local.contributor.lastnameMounteren
local.contributor.lastnameGriffithen
local.contributor.lastnamePiggotten
local.contributor.lastnameFlemingen
local.contributor.lastnameZhaoen
dc.identifier.staffune-id:smounte2en
dc.identifier.staffune-id:ggriffiten
dc.identifier.staffune-id:rpiggot3en
dc.identifier.staffune-id:eflemingen
local.profile.orcid0000-0001-6637-3756en
local.profile.orcid0000-0002-5276-6222en
local.profile.roleauthoren
local.profile.roleauthoren
local.profile.roleauthoren
local.profile.roleauthoren
local.profile.roleauthoren
local.identifier.unepublicationidune:2514en
dc.identifier.academiclevelAcademicen
dc.identifier.academiclevelAcademicen
dc.identifier.academiclevelAcademicen
local.title.maintitleAn Equilibrium Displacement Model of the Australian Sheep and Wool Industriesen
local.output.categorydescriptionA1 Authored Book - Scholarlyen
local.relation.urlhttp://nla.gov.au/anbd.bib-an43445200en
local.relation.urlhttp://books.google.com/books?id=o3xUPgAACAAJen
local.relation.urlhttp://www.dpi.nsw.gov.au/__data/assets/pdf_file/0008/229733/ERR-38.pdfen
local.search.authorMounter, Stuarten
local.search.authorGriffith, Garyen
local.search.authorPiggott, Ronalden
local.search.authorFleming, Euanen
local.search.authorZhao, Xen
local.uneassociationUnknownen
local.year.published2008en
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