Input usage, output mix and industry deregulation: an analysis of the Australian dairy manufacturing industry

Balcombe, Kelvin, Doucouliagos, Chris and Fraser, Iain 2007, Input usage, output mix and industry deregulation: an analysis of the Australian dairy manufacturing industry, Australian journal of agricultural and resource economics, vol. 51, no. 2, pp. 137-156.

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Title Input usage, output mix and industry deregulation: an analysis of the Australian dairy manufacturing industry
Author(s) Balcombe, Kelvin
Doucouliagos, Chris
Fraser, Iain
Journal name Australian journal of agricultural and resource economics
Volume number 51
Issue number 2
Start page 137
End page 156
Publisher Blackwell Publishing Asia
Place of publication Richmond, Vic.
Publication date 2007-05
ISSN 1364-985X
Keyword(s) Bayesian
deregulation
output distance function
Summary In this paper we estimate a Translog output distance function for a balanced panel of state level data for the Australian dairy processing sector. We estimate a fixed effects specification employing Bayesian methods, with and without the imposition of monotonicity and curvature restrictions. Our results indicate that Tasmania and Victoria are the most technically efficient states with New South Wales being the least efficient. The imposition of theoretical restrictions marginally affects the results especially with respect to estimates of technical change and industry deregulation. Importantly, our bias estimates show changes in both input use and output mix that result from deregulation. Specifically, we find that deregulation has positively biased the production of butter, cheese and powders.
Language eng
Field of Research 140201 Agricultural Economics
HERDC Research category C1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30007027

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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