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Our economic perspective of the pollution problem characterizes that problem as involving a conflict between the consumption of two broad classes of goods–physical (or produced) commodities and the direct consumption of 'clean environment'. After considering the relative merits of market and...
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This paper contains short‐run estimates of the impact of beef imports from Australia and elsewhere on U.S. retail meat prices. The U.S. beef demand is separated into two categories, table cuts and processed items. Estimates of direct and cross price elasticities of demand for these products are...
Despite the dependence of the economy of Papua New Guinea upon plantation and smallholder agriculture, little has been known of the inter‐relationships which exist between agriculture and the remainder of the economy, or of the changes which would follow from implementation of the official...
The aims of this study were (a) to attempt to develop a quarterly model to explain aggregate farm investment in Australia, and (b) to examine the concept of the implicit rental price of capital services as a method of taking account of taxation concessions in an investment equation.
The paper sets out two adjustments for taxation data when income distribution is relevant. The adjustments are used on income series for primary producers and wholesale‐retail trading and results compared. Little difference is found between the two income series though the latter, years show the...
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