Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/3426
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dc.contributor.authorMounter, Stuarten
dc.contributor.authorGriffith, Garryen
dc.contributor.authorPiggott, Ronald Royen
dc.contributor.authorFleming, Euanen
dc.contributor.authorZhao, Xueyanen
dc.date.accessioned2009-11-27T15:27:00Z-
dc.date.issued2008-
dc.identifier.citationAustralasian Agribusiness Review, 16(Paper 1), p. 1-25en
dc.identifier.issn1833-5675en
dc.identifier.issn1442-6951en
dc.identifier.issn1320-0348en
dc.identifier.urihttps://hdl.handle.net/1959.11/3426-
dc.description.abstractIn recent years, Australian sheepmeat and wool producers have been exposed to more volatile and less secure market environments, placing greater pressure on producer-funded investments to be efficient and profitable. Knowledge about the size and distribution of the potential returns from alternative broad types of R&D and promotion investments permits strategic-level decisions about resource allocation, both within and across research programs. This is particularly important for the Australian sheepmeat and wool industries because they are characterised by strong cross-commodity relationships due to the joint product nature of the industries. Mounter et al. (2007) developed an equilibrium displacement model (EDM) of the Australian sheepmeat and wool industries to account for these relationships and any indirect benefits and costs arising from spill-over and feedback effects between the industries as a result of research-induced innovation or promotion. However, the values for many of the economic parameters in the EDM had to be specified subjectively due to the absence of relevant empirical estimates. Uncertainty about true parameter values raises concerns over the robustness of the results generated from the EDM. In this paper we use the EDM to estimate the potential annual returns and their distribution among the various industry sectors for nine hypothetical investment scenarios. Initially, the EDM is solved for the base set of parameter values. A formal stochastic sensitivity analysis is then undertaken to account for the uncertain parameter values in the model. The results were found to be relatively robust to different parameter values, indicating that the model as specified provides a credible framework to estimate and compare the potential impacts from new technologies, generic promotions and other industry changes in a consistent way.en
dc.languageenen
dc.publisherUniversity of Melbourneen
dc.relation.ispartofAustralasian Agribusiness Reviewen
dc.titlePotential Returns to the Australian Sheep and Wool Industries from Effective R&D and Promotion Investments and their Sensitivities to Assumed Elasticity Valuesen
dc.typeJournal Articleen
dc.subject.keywordsAgricultural Economicsen
local.contributor.firstnameStuarten
local.contributor.firstnameGarryen
local.contributor.firstnameRonald Royen
local.contributor.firstnameEuanen
local.contributor.firstnameXueyanen
local.subject.for2008140201 Agricultural Economicsen
local.subject.seo2008910205 Industry Policyen
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.categoryC1en
local.record.placeauen
local.record.institutionUniversity of New Englanden
local.identifier.epublicationsrecordpes:6245en
local.publisher.placeAustraliaen
local.format.startpage1en
local.format.endpage25en
local.peerreviewedYesen
local.identifier.volume16en
local.identifier.issuePaper 1en
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:3513en
dc.identifier.academiclevelAcademicen
dc.identifier.academiclevelAcademicen
dc.identifier.academiclevelAcademicen
dc.identifier.academiclevelAcademicen
local.title.maintitlePotential Returns to the Australian Sheep and Wool Industries from Effective R&D and Promotion Investments and their Sensitivities to Assumed Elasticity Valuesen
local.output.categorydescriptionC1 Refereed Article in a Scholarly Journalen
local.relation.urlhttp://www.agrifood.info/review/2008/Mounter_et_al.pdfen
local.search.authorMounter, Stuarten
local.search.authorGriffith, Garryen
local.search.authorPiggott, Ronald Royen
local.search.authorFleming, Euanen
local.search.authorZhao, Xueyanen
local.uneassociationUnknownen
local.year.published2008-
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