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An integrated assessment model of the impacts of agricultural intensification: Trade-offs between economic benefits and water quality under uncertainty Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2024-02-12 Augusto Souto, Miguel Carriquiry, Francisco Rosas
We integrate a model that simulates biophysical processes in soils and water with spatial and temporal heterogeneity at the basin scale with an economic model of decisions under uncertainty, to simultaneously evaluate the economic and environmental effects of farming practices and land uses that characterise agricultural intensification. The introduction of uncertainty allows the evaluation of economic
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A nonparametric random effects model for the valuation of forest recreation services: An application to forest sites in Tuscany, Italy Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2024-02-02 Andrea Pellegrini, Ginevra Virginia Lombardi, Riccardo Scarpa, John M. Rose
This study assesses individuals' preferences for the use of forest sites for recreational purposes by means of the logit-mixed logit (LML) model. The appeal of the LML is that the analyst does not need to assume any specific functional form for the mixing distributions of random preferences. The empirical analysis generates a data-driven nonparametric representation of individuals' preference heterogeneity
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Purchasing habits, age effects and Chinese consumers' willingness to pay for chilled pork: Evidence from a random Nth-price auction experiment Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2024-02-02 Zhen Yan, Fei Han, Holly Wang, Yun Shen, Jiehong Zhou
As concerns over African swine fever (ASF) in China continue, measures have been taken to regulate the inter-provincial transport of live hogs, yet entrenched non-chilled fresh pork consumption habits make it challenging to expand the chilled pork in the market. To address this issue, our study employed multiple rounds of random Nth-price auction experiments to measure participants' quality perceptions
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A pound for information or a pence for cure: Farmers' economic decisions on testing and treatment of livestock diseases Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2024-01-15 Abenezer Zeleke Aklilu, Katarina Elofsson, Peter Halvarsson, Petter Kjellander, Johan Höglund
Livestock productivity and profitability are threatened by livestock diseases. In this study, we examine farmers' revealed preferences for testing and treating gastrointestinal parasites in sheep in Sweden, taking into account the sequential structure of these decisions. We control for preventive measures, as well as the potential impact of wildlife–livestock disease transmission on farmers' decisions
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Estimating non-market values of protecting groundwater in a constrained environment Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2024-01-15 Le Lan, Md Sayed Iftekhar, Steven Schilizzi, James Fogarty
In groundwater-constrained areas, reallocating groundwater away from agriculture to achieve environmental outcomes has become a popular top-down regulatory approach. However, little attention has been paid to understanding public preferences for such policies. Using a choice experiment, we explore community preferences for different components of a groundwater allocation management program affecting
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J. Brian Hardaker (1935–2023) Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2024-01-02 Jock R. Anderson
CONFLICT OF INTEREST STATEMENT None.
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The amenity value of constructed wetlands Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-12-26 Mario A. Fernandez, Gonzalo Sanchez, Paul Thorsnes
Natural wetlands in urbanised areas provide practical services, including flood control and amenity values such as views, wildlife habitat and recreational opportunities. But cities also construct wetlands to improve flood control and ecosystem services, the value of which might change property prices. This paper reports the analyses of property prices that provide estimates of wetlands' localised
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The economic impacts of a hypothetical foot and mouth disease outbreak in Australia Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-12-07 Glyn Wittwer
This study uses a multicountry, dynamic quarterly CGE model, GlobeTERM, to estimate the economic impacts of a hypothetical foot and mouth disease outbreak in Australia. The national welfare losses arising from the outbreak depend mostly on the duration of trade sanctions by importers of Australian animal products. If an outbreak is contained within several months, and trade sanctions are dropped within
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Responsiveness of market equilibrium agricultural output, price and land use to shocks Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-12-06 Moisés A. Resende Filho, Leandro G. Nascimento
We assess the responsiveness of market equilibrium agricultural output, price and land use to shocks in agricultural demand, land yield and arable land area and the role of road infrastructure policy in offsetting them. We adapt a partial equilibrium model in the agricultural composite good and lands markets to guide the specification and estimation of a simultaneous equation model (SEM) for agricultural
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The economic impacts of a hypothetical foot and mouth disease outbreak in Australia Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-12-07 Glyn Wittwer
This study uses a multicountry, dynamic, quarterly CGE model, GlobeTERM, to estimate the economic impacts of a hypothetical foot and mouth disease outbreak in Australia. The national welfare losses arising from the outbreak depend mostly on the duration of trade sanctions by importers of Australian animal products. If an outbreak is contained within several months, and trade sanctions are dropped within
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Responsiveness of market equilibrium agricultural output, price and land use to shocks Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-12-06 Moisés A. Resende Filho, Leandro G. Nascimento
We assess the responsiveness of market equilibrium agricultural output, price and land use to shocks in agricultural demand, land yield and arable land area and the role of road infrastructure policy in offsetting them. We adapt a partial equilibrium model in the agricultural composite good and lands markets to guide the specification and estimation of a simultaneous equation model (SEM) for agricultural
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Farming efficiency and environmental resource dependence: Evidence from panel data for rural Central Vietnam Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-11-27 Sina Bierkamp, Trung Thanh Nguyen, Ulrike Grote
Farming and natural resource extraction are the main livelihood strategies of the rural poor in developing countries. A better understanding of their relationship is needed to alleviate existing pressures on resources and to reduce poverty. To date, mainly monetary indicators have been used to measure environmental resource dependence. However, these are inadequate for poor people who consume rather
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Economic consequences of climate change impacts on South Asian agriculture: A computable general equilibrium analysis Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-11-27 Walimuni Chamindri Sewanka Mendis Abeysekara, Mahinda Siriwardana, Samuel Meng
South Asia is one of the most vulnerable regions of the globe in terms of climate change, with agriculture the most affected economic sector of the region. This study employs an environmental Global Trade Analysis Project model to simulate the impact of an average global 2°C temperature increase by 2050, with a focus on South Asian countries. The economic costs of climate change in relation to crop
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Is China's new live hog futures market efficient? Evidence from an analysis of market quality, price discovery and hedging effectiveness Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-11-27 Miao Li, Tao Xiong
On 8 January 2021, China's first live-animal and live-delivery futures product—in live hogs—was listed on the Dalian Commodity Exchange to serve as a risk management tool. We examine whether this newly established market exhibits good market quality and has realised its primary functions of price discovery and hedging. Our results suggest that the live hog futures market performs its price discovery
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Inter-sectoral economic linkages in the Australian mining industry: Analysis using partial hypothetical extraction method Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-11-21 Scholar Fitsum S. Weldegiorgis, Evelyn Dietsche, Shabbir Ahmad, Daniel M. Franks, James Cust
The mining industry is not only one of Australia's main economic sectors but also one that the country is considered to have managed well. However, little is known about the industry's potential to contribute to the structural change of Australia's economy. We use the national input–output (IO) tables and apply the partial hypothetical extraction method (P-HEM) within both the Leontief and Gosh IO
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Inter-sectoral economic linkages in the Australian mining industry: Analysis using partial hypothetical extraction method Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-11-21 Fitsum S. Weldegiorgis, Evelyn Dietsche, Shabbir Ahmad, Daniel M. Franks, James Cust
The mining industry is not only one of Australia's main economic sectors but also one that the country is considered to have managed well. However, little is known about the industry's potential to contribute to the structural change of Australia's economy. We use the national input–output (IO) tables and apply the partial hypothetical extraction method (P-HEM) within both the Leontief and Gosh IO
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Why did agriculture's share of Australian gross domestic product not decline for a century? Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-11-09 Kym Anderson
The agricultural sector's share of gross domestic product (GDP) in growing economies typically declines but, for a century from the early 1850s, Australia's did not. Drawing on recent structural transformation literature, this paper seeks explanations for this unusual phenomenon, which is all the more striking because agriculture's share of employment continued to decline throughout and growth in manufacturing
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Representing weather-year variation in whole-farm optimisation models: Four-stage single-sequence vs eight-stage multi-sequence Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-11-05 Michael Young, John Young, Ross S. Kingwell, Philip E. Vercoe
The trade-off between accuracy and complexity is a common issue faced in farm systems analysis. To provide insights into the importance of representing weather-year sequence in farm modelling, two whole-farm optimisation models are constructed and applied to a mixed enterprise farming system in a subregion of Western Australia. The frameworks are (i) four-stage single-sequence stochastic programming
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Representing weather-year variation in whole-farm optimisation models: Four-stage single-sequence vs eight-stage multi-sequence Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-11-05 Michael Young, John Young, Ross S. Kingwell, Philip E. Vercoe
The trade-off between accuracy and complexity is a common issue faced in farm systems analysis. To provide insights into the importance of representing weather-year sequence in farm modelling, two whole-farm optimisation models are constructed and applied to a mixed enterprise farming system in a subregion of Western Australia. The frameworks are (i) four-stage single-sequence stochastic programming
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Do grassroots interventions relax behavioural constraints and improve adoption of nutrition-sensitive food production systems? Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-10-23 Muzna Alvi, Patrick Ward, Simrin Makhija, David J. Spielman
In most developing countries, agricultural policies and programs are designed to promote productivity growth with modern inputs and technologies, and the success of these policies is measured primarily along the dimensions of technology adoption, with limited reference to the ancillary impacts on behavioural outcomes that may be a prerequisite to adoption. We test whether grassroots programs can additionally
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Conservation agriculture-based sustainable intensification improves technical efficiency in Northern Bangladesh: The case of Rangpur Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-10-13 Bruno Paz, Atakelty Hailu, Maria Fay Rola-Rubzen, Md Mamunur Rashid
The dissemination of conservation agriculture (CA) technologies has become the objective of a growing number of projects aimed at reducing food insecurity in vulnerable areas of the world. While many studies have found that CA increases farm productivity, little is known about the components of the productivity gains related to CA adoption. CA is a knowledge-intensive technology, and it is expected
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Effect of public stockholding on wheat price dynamics in India: A quantile autoregression approach Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-10-11 Ashutosh K. Tripathi, Ashok K. Mishra
The study investigates the effects of public stockholding on price dynamics and volatility in the Indian wheat market. A quantile autoregression method is used as a flexible representation of price dynamics and is based on a reduced-form methodology. The findings reveal that public stockholdings have significant price effects, but the results vary significantly in price distribution. Further, we show
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Effect of public stockholding on wheat price dynamics in India: A quantile autoregression approach Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-10-11 Ashutosh K. Tripathi, Ashok K. Mishra
The study investigates the effects of public stockholding on price dynamics and volatility in the Indian wheat market. A quantile autoregression method is used as a flexible representation of price dynamics and is based on a reduced-form methodology. The findings reveal that public stockholdings have significant price effects, but the results vary significantly in price distribution. Further, we show
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Logs or permits? Forestry land use decisions in an emissions trading scheme Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-09-25 Dominic White, Niven Winchester
Negative carbon emissions options are required to meet long-term climate goals in many countries. One way to incentivise these options is by paying farmers for carbon sequestered by forests through an emissions trading scheme (ETS). New Zealand has a comprehensive ETS, which includes incentives for farmers to plant permanent exotic forests. This research uses an economy-wide model, a forestry model
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Capitalised nonmarket benefits of multifunctional water-sensitive urban infrastructure: A case of living streams Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-09-07 Saloomeh Akbari, Maksym Polyakov, Md Sayed Iftekhar
Living streams are an important element of decentralised stormwater management solutions. They are actively promoted due to their ability to generate multiple ecosystem services, including water quality improvement, biodiversity protection and aesthetics. However, a lack of monetised values of ecosystem services of living stream projects makes it difficult to assess the net benefits of investing in
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When China strikes: Quantifying Australian companies' stock price responses to China's trade restrictions Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-09-07 Tao Xiong, Wendong Zhang, Fangxiao Zhao
In early 2020, China, Australia's top export market, unilaterally imposed trade restrictions on Australian barley, beef, coal, cotton, timber, copper and wine. However, convincing evidence regarding the effects of such trade restrictions on firms is scarce. Leveraging data on daily stock returns from 20 listed Australian and 32 listed Chinese firms that produce the restricted commodities, we provide
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Climate, weather and child health in Burkina Faso Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-08-08 Shouro Dasgupta, Elizabeth J. Z. Robinson
It is now clear that anthropogenic climate change is having a negative impact on human health. In this paper, we provide the first comprehensive assessment of the impact of climatic stressors on child health in Burkina Faso. We undertake a rigorous empirical analysis of the impact of climate and weather shocks on mortality, stunting (height-for-age Z-score) and wasting (weight-for-age Z-score), using
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How can trade partners be chosen when facing food scandals? China's milk scandal as a natural experiment Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-07-31 Wenshou Yan, Yan Cai, Xuan Guo
Using China's milk scandal as a natural experiment, this paper explores whether the countries of origin and export destinations have the same responses to the original country's food scandal. Our difference-in-difference estimation shows that the outbreak of China's milk scandal had asymmetric impacts on China's total imports (increased by 23.4%) and exports (sharply dropped by 65.8%). The results
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Evaluating policy changes on council waste generation and diversion: Evidence from South Australia Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-07-25 Ying Xu, Sarah Ann Wheeler, Firmin Doko Tchatoka
Australia, like most countries worldwide, faces increasing issues with burgeoning waste generation and its appropriate disposal. Hence, effective policies and programmes are needed to change household waste generation and recycling behaviour, thereby reducing waste into landfill. To date, however, there has been little academic research on the potential effects of various policies on waste generation
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The economics of drought: A review of impacts and costs Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-06-28 David A. Fleming-Muñoz, Stuart Whitten, Graham D. Bonnett
Although a growing body of literature studies drought impacts, papers providing a comprehensive review of drought's social and economic impacts are scarce. This paper fills this gap by exploring the consequences of drought on societies based on research findings in Australia—a large country used to experiencing severe droughts. To do this, we propose a framework to categorise drought impacts in three
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Loss of preferential access to the protected EU sugar market: Fiji's response Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-06-21 Kym Anderson
The Fijian government's response since 2010 to the loss of preferential access to the European Union's previously highly protected sugar market has been to increasingly support its cane growers and millers. That support is now much higher than most other countries' assistance to the sugar industry. This study provides detailed estimates of the changing extent of those transfers to producers from both
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Measuring pesticide overuse and its determinants: Evidence from Vietnamese rice and fruit farms Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-06-07 Lan Tran, Theodoros Skevas, Laura McCann
Pesticides have long been important for the development of agricultural production. However, improper use of pesticides may result in inefficiency with respect to farm profitability, in addition to external effects of pesticide use on environmental and human health. This paper employs a production function that explicitly accounts for the role of damage abatement inputs (i.e. pesticides) in the production
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Examining rural income and employment in Bangladesh: A case of structural changes in the rural nonfarm sector in a developing country Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-06-02 Kazi Iqbal, Md Nahid Ferdous Pabon, Md Wahid Ferdous Ibon
This study uncovers some important stylised facts about the structural changes in the rural nonfarm (RNF) economy in Bangladesh for the period 2000–2016 and identifies some broad determinants. Our work uses household-level, secondary sources such as Household Income and Expenditure Survey, Labour Force Survey and Bangladesh Integrated Household Survey. We find that the positive relationship between
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Cooperative membership and adoption of green pest control practices: Insights from rice farmers Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-05-30 Wanglin Ma, Hongyun Zheng, Amaka Nnaji
Reducing the use of chemical pesticide while preserving crop yield is a practical strategy that makes agricultural production economically, socially and environmentally sustainable. Although the adoption of green pest control practices can help achieve such a goal, its adoption rate remains quite low. This study explores whether membership in agricultural cooperatives improves smallholder farmers'
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Measuring farm productivity under production uncertainty Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-05-18 Amer Ait Sidhoum
This research introduces a novel empirical application to the assessment of farm productivity growth. While the existing research on productivity change has primarily focussed on ex post output observations, it has been shown that ignoring production uncertainty can lead to unreliable results. Using a state-contingent framework to represent the stochastic production environment, we extend the recent
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Agricultural commercialisation, asset growth and poverty in rural Vietnam Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-05-18 Oliver Schulte, Julian Mumber, Trung Thanh Nguyen
Poverty remains a substantial threat in rural areas of many developing countries, and solving this problem requires an in-depth understanding of the income generating capacity that determines poverty. This paper examines the impact of agricultural commercialisation on the capability of rural households to accumulate and productively use assets and reduce structural and multidimensional poverty. A longitudinal
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Measuring technical efficiency of Spanish pig farming: Quantile stochastic frontier approach Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-05-18 Juan Cabas Monje, Bouali Guesmi, Amer Ait Sidhoum, José María Gil
The pig meat production plays a significant role in the Spanish agrofood system. The assessment of the efficiency performance with which farmers are operating is necessary to define adequate policy and management strategies. In this context, this study aimed to determine the technical efficiency (TE) performance of pig farms and to examine the key factors that may affect the production system in Spain
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Fishermen’s competitiveness and labour market performance: Evidence from shrimpers in Bangladesh Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-04-27 Asad Islam, Sakiba Tasneem, Liang Choon Wang
We conduct an experiment to determine competitiveness among shrimpers who engage in collecting shrimp seeds in the southwestern coastal region of Bangladesh. We then examine how competitiveness affects the labour supply decisions and labour market performance of these shrimpers. Our results show that shrimpers who prefer competition are more productive than shrimpers who do not prefer competition.
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Exploring customer heterogeneity with a scale-extended latent class choice model: Experimental evidence drawn from urban water users Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-04-05 Bethany Cooper, Michael Burton, Lin Crase
The search for improved water pricing is central to urban water reform in many countries. Establishing efficient water prices is notoriously difficult, not least because different customers have different demands for water and yet they are presently faced with a one-size-fits-all approach to pricing and service. This is especially challenging where water availability fluctuates widely, as is the case
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Has Chinese Certified Emission Reduction trading reduced rural poverty in China? Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-04-02 Yue-Jun Zhang, Jing-Yue Liu, Richard T. Woodward
Consolidating and expanding poverty alleviation while simultaneously reducing carbon emissions has become one of the main issues facing China. The Chinese Certified Emission Reduction (CCER) trading programme is an important supplementary mechanism to China's carbon trading market. Based on the data of 1782 counties in China from 2006 to 2017 and a difference-in-differences model, this study investigates
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Exploring the relationship between information and communication technology (ICT) and productivity: Evidence from Australian farms Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-03-29 Will Chancellor
The relationship between information and communication technology (ICT) and farm productivity remains unresolved and often debated with limited evidence. While ICT is generally accepted by many to be a positive driver of productivity, others question it. Realistically, truth is likely somewhere in between. Certain ICT investments are likely to facilitate productivity improvement, whereas others may
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The effectiveness of weather index insurance in managing mariculture production risk Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-03-27 Mengmeng Qiang, Manhong Shen, Guanjun Xia
Mariculture is a high-risk industry that is susceptible to weather disasters. However, due to moral hazard, adverse selection and high transaction costs, traditional indemnity insurance policies are not available. An emerging alternative is the development of weather index mariculture insurance. This research assesses the effectiveness of weather index mariculture insurance by using the swimming crab
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Policy preferences of experts seeking to raise and stabilise farm incomes in the Eastern Gangetic Plains Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-03-27 Bethany Cooper, Lin Crase, Michael Burton, Dan Rigby, Mohammad Jahangir Alam, Avinash Kishore
Poverty is endemic in the highly populated Eastern Gangetic Plains where agriculture is critical to more than half the population. However, the mechanisms to support agriculture for development are contested. For example, some have advocated a strong role for government support and assistance due to market weaknesses, while others have promoted the need for more market-oriented approaches. We use an
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An economic assessment of options for operating within plantation forestry water entitlements and tightening cap and trade policy Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-02-23 Courtney M. Regan, Jeffery D. Connor, Md Sayed Iftekhar
The Green Triangle (GT) region of southern Australia is one of only two jurisdictions globally to licence plantation forestry's groundwater use. In response to declines in groundwater resources caused by historical plantation expansion, reductions in forest water allocations (~50%) are likely for some parts of the region, presenting novel challenges for forest managers in maintaining revenues and timber
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Managing the energy trilemma of reliability, affordability and renewables: Assessing consumer demands with discrete choice experiments Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-02-16 Mark Tocock, Dugald Tinch, Darla Hatton MacDonald, John M. Rose
In response to the looming climate crisis, many countries are adopting technologies to reduce the accumulation of greenhouse gases. However, national energy policies are often multiobjective and resolution deeply divisive. The result is a policy trilemma between the energy mix and the trade-offs with other policy objectives, including cost and reliability. Utilising a discrete choice experiment (DCE)
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How crop insurance influences agrochemical input use: Evidence from cotton farmers in China Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-02-15 Hui Mao, Shaojian Chen, RuiYao Ying, Yong Fu
Crop insurance is critical in risk management in global agricultural production (e.g. by helping stabilise farmers' incomes in the long term and reducing risk-bearing costs). In this paper, using field survey data on cotton farmers in Xinjiang, China, we examine the influence of crop insurance on farmers' behaviours regarding agrochemical inputs and aim to investigate the synergy between crop insurance
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Public works programmes and agricultural risk: Evidence from India Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-02-02 Vis Taraz
The agricultural sectors in many low- and middle-income countries remain highly vulnerable to weather risk, a vulnerability that will only intensify under climate change. The globally trending public works programmes have the potential to impact weather-related agricultural risk. I explore the impact of India's National Rural Employment Guarantee Act (NREGA) on weather-related agricultural risk. My
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Climate-resilient practices and welfare impacts on rice-cultivating households in Vietnam: Does joint adoption of multiple practices matter? Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-01-23 Nguyen Duc Kien, Truong Quang Dung, Dinh Thi Kim Oanh, Le Thanh An, Nguyen Cong Dinh, Nguyen Thai Phan, Le Thi Thanh Nga
Farmers have a long history of adjusting their production practices in response to changing production conditions. Using a multinomial endogenous treatment effects model that accounts for observable and unobservable heterogeneity, this study investigates the adoption and welfare impacts of climate-resilient practices on Vietnamese rice-cultivating households. We found evidence of clear and positive
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Labour-saving technologies in smallholder agriculture: An economy-wide model with field operations Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-01-22 Arndt Feuerbacher, Jonas Luckmann
Labour-saving technologies are relevant for agricultural development. Yet, as this study shows, they are poorly integrated into agricultural production functions of economy-wide models. We report a computable general equilibrium (CGE) model, which explicitly incorporating field operations (e.g. land preparation, weeding or harvesting) in the context of smallholder agriculture. The field operations
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Futures markets and price stabilisation: An analysis of soybeans markets in North America Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-01-11 Dragan Miljkovic, Cole Goetz
The objective of this paper was to determine whether the futures markets have a stabilising or destabilising impact on soybean's spot prices in North America. Directed acyclic graphs (DAGs) are used to test for causality between futures prices, spot prices and ending stocks, followed by time series econometric analysis. The DAGs point to the two-way causal link between futures and spot prices and a
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On the way out: Government revenues from fossil fuels in Australia Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-01-11 Paul J. Burke
Australia is moving from a fossil fuel-dominated energy mix to one that is increasingly powered by solar and wind. Fossil fuel exports are also likely to decline given their poor compatibility with the net zero emission targets of key trading partners. There is the potential for a variety of new exports of zero carbon energy and products to emerge. This paper reviews implications of the ongoing energy
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Consumers' willingness to pay for organic rice: Insights from a non-hypothetical experiment in Indonesia Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2023-01-05 Michael Grimm, Nathalie Luck, Franziska Steinhübel
As in many high-income countries, there is increasing awareness towards organic farming in many low- and middle-income countries. Sustained local demand is an essential requirement for further adoption of organic farming by smallholders, who typically have only limited access to export markets. Until now, only few studies have explored the local willingness to pay (WTP) for organic products in low-
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Size matters: Optimal management of dynamic systems with varying size Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2022-12-14 Tiho Ancev, Karunagaran Madhavan
Many natural and economic systems are managed to deliver the highest benefits to society but are subject to regime shifts. We specifically consider the variability of the size of the system itself as a key driver of a regime shift. We address the question of how the optimal management of these systems should vary with its size. Put simply, certain management options might work when the system is of
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Modelling the switch from hail insurance to antihail nets Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2022-12-07 Marco Rogna, Günter Schamel, Alex Weissensteiner
We analyse the impact of the antihail net promotion on the actuarial soundness of the hail insurance market. Specifically, we present a simple model showing that, in the presence of an imperfect insurance market, incentives for antihail nets could cause low-risk farmers to exit the insurance market more likely than high-risk ones. This induces a typical adverse selection problem. The theoretical model
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The impacts of price insulation on world wheat markets during the 2022 food price crisis Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2022-11-10 Will Martin, Nicholas Minot
This paper begins with a survey of recent commodity price developments that highlights the magnitude of this price surge and identifies the rapid rise in wheat prices as a key element. The analysis in this paper focuses on the extent to which domestic markets are insulated from these changes and on the resulting impacts on world prices. An econometric analysis using error-correction models finds stable
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Technology catch-up in agriculture among advanced economies Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2022-11-03 Virgil Eldon Ball, Carlos San Juan Mesonada, Carlos Sunyer Manteiga, Kennet Ericson, Yu Sheng
We examine whether countries with low initial levels of agricultural total factor productivity (TFP) tend to ‘catch up’ with the technology leaders. We first compare relative levels of agricultural TFP, capital services and labour input levels in agriculture for 17 OECD countries between 1973 and 2011. Then we apply (conditional) convergence analysis to the panel data to examine the speed of convergence
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Global commodity market disruption and the fallout Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2022-11-02 Shon Ferguson, David Ubilava
The war in the breadbasket of Europe, which spawned at the heels of the once-in-a-lifetime pandemic, sent major cereal prices spiralling upward. The unprecedented sequence of events leading to and including the war has tested the resilience of global commodity markets and the craftsmanship of policymakers. While the circumstances may differ, the disruption of global commodity markets is not exactly
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Russia’s invasion of Ukraine increased the synchronisation of global commodity prices Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2022-11-01 Rico Ihle, Ziv Bar-Nahum, Oleg Nivievskyi, Ofir D. Rubin
The Russian Federation’s efforts to expand its regional political influence culminated in launching a full-scale war of aggression on Ukraine on 24 February 2022. As both countries are large exporters of commodities crucial for global food and energy security, the resulting abrupt supply chains disruptions created substantial uncertainty in commodity markets worldwide. This study quantifies to what
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Total factor productivity change in China's grain production sector: 1980–2018 Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2022-10-31 Zhihao Zheng, Shen Cheng, Shida R. Henneberry
This study analyses changes in total factor productivity (TFP) of grains as an aggregate commodity and major grain crops including rice, wheat, and corn, using pooled provincial and time-series data from 1980 to 2018 for China. Results show that the growth of TFP in the grain sector was driven by technical improvements. Moreover, the grain output and wheat production benefited more from TFP growth
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Does the internationalisation of China's agri-food standards affect export quality upgrading?—Evidence from firm-product-level data Aust. J. Agric. Resour. Econ. (IF 3.2) Pub Date : 2022-09-27 Xuejun Wang, Huiying Zhou, Dongmei Su
China attaches importance to the development of standards in agri-food sectors, especially the harmonisation of national standards with international standards. Our study matches agri-food product standards and firm-product customs data for the period from 2000 to 2015. We perform an empirical analysis using the ‘distance to the frontier’ model to identify the effects of the internationalisation of