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Testing Comparative Advantage in Australian Broadacre Agriculture Under Climate Change: Theoretical and Empirical Models *
Author(s) -
Sanderson Todd,
AhmadiEsfahani Fredoun Z.
Publication year - 2009
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/j.1759-3441.2010.00043.x
Subject(s) - agriculture , climate change , empirical research , proposition , economics , comparative advantage , econometrics , geography , mathematics , ecology , neoclassical economics , epistemology , statistics , philosophy , biology , archaeology
According to the conventional wisdom, Australia enjoys a comparative advantage in broadacre agriculture, despite the fact that little empirical research supporting this proposition has been reported in the literature. This paper seeks to survey the theoretical and empirical models that may potentially be used to test the theory of comparative advantage as it relates to broadacre agriculture under climate change. The implications of the analysis are explored.