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Early Analytical Agricultural Economics in Australia
Author(s) -
Mauldon Roger G.
Publication year - 2021
Publication title -
australian economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.493
H-Index - 16
eISSN - 1467-8446
pISSN - 0004-8992
DOI - 10.1111/aehr.12187
Subject(s) - computable general equilibrium , tariff , economics , agriculture , consumption (sociology) , work (physics) , compensation (psychology) , agricultural economics , international economics , international trade , macroeconomics , geography , sociology , engineering , social science , archaeology , mechanical engineering , psychology , psychoanalysis
Analysis of home consumption pricing by Giblin and Copland in the 1930s preceded the development of an identifiable Australian agricultural economics profession. They demonstrated that costs of increasing domestic prices of agricultural products above export levels would be borne largely by lightly assisted exporters and hinder their development. This work was taken up later within a framework of computable general equilibrium modelling. Now largely of historical interest, their work sheds light on likely consequences of some past policy debates ‑ of protection all round in the 1920s and tariff compensation in the 1970s.