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THE ESTIMATION OF PRODUCTION FRONTIERS: THE AUSTRALIAN LIVESTOCK/CEREALS COMPLEX 1
Author(s) -
Powell Alan A.,
Gruen Fred H.G.
Publication year - 1967
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1967.tb00028.x
Subject(s) - production (economics) , livestock , estimation , transformation (genetics) , product (mathematics) , value (mathematics) , econometrics , agricultural economics , mathematics , economics , statistics , geography , macroeconomics , biology , forestry , biochemistry , geometry , management , gene
An attempt is made to combine, empirically, the estimation of product transformation surfaces with the more conventional methods of linear supply analysis. This synthetic approach is used to fit simultaneously a system of six aggregate supply functions. The products covered account for more than 70 per cent of the gross value of Australian rural production.