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Time series and cross‐sectional data for 18 years on 26 N.S.W. wheat‐sheep properties are combined to test whether farms that grew in size over time reaped the postulated size economies derived from the cross‐sectional statistical cost functions. Realised economies of farms that remained in the...
There has been a low level of methodological controversy within the Australian agricultural economics profession. Johnson's 1963 paper is the most significant and in it he passed criticisms on agricultural production economists not unlike those currently being made by political economists of...
The assumptions which must be made to accept ratios of energy output to energy input as an efficiency measure with normative significance are examined and found to be unrealistic. It is considered better for governments to modify market prices where divergences exist between private and social...
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