THE RETURNS TO INVESTMENT IN RESEARCH ON AUSTRALIAN WOOL PRODUCTION

Grant Scobie, John D. Mullen and Julian Alston

Australian Journal of Agricultural Economics, 1991, vol. 35, issue 2, 17

Abstract: A production function approach is used to estimate growth in farm productivity in the Australian wool industry from an estimated level of expenditure on wool production R & D. A market equilibrium model of the wool industry is then used to measure the share of total benefits from this productivity growth accruing to Australia and its wool growers. A net return is estimated after allowing for lags in the development and adoption of technology.

Keywords: Production Economics; Productivity Analysis (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (22)

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Journal Article: THE RETURNS TO INVESTMENT IN RESEARCH ON AUSTRALIAN WOOL PRODUCTION (1991)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22764

DOI: 10.22004/ag.econ.22764

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