Evaluating Research Policy in Australian Broadacre Agriculture - Accounting for Interactions between the Beef, Sheep Meat, Wool, and Grains Industries

该项目研究澳大利亚广泛的农业产业的研发投资的回报以及这些投资的资金权益。其贡献是明确认识到牛、羊和种植企业之间的相互作用，而过去的分析一直是单一行业的方法。估计了澳大利亚广域农业多产出利润函数的计量经济模型和涉及这些产品的需求系统。建立了一个多行业均衡位移模型来模拟农业R&D成本和收益的发生，并考虑了跨行业的相互作用。该项目很可能有助于改善澳大利亚农业研究的管理和资助方式。

This project studies the returns from R&D investments in Australia's broadacre agricultural industries and equity in the funding of these investments. The contribution is to explicitly recognise the interaction across cattle, sheep and cropping enterprises, while past analyses have been single industry approach. Econometric models of multi-output profit function for Australian broadacre agriculture and demand systems involving these products are estimated. A multi-industry equilibrium displacement model is developed to simulate the incidence of both costs and returns of agricultural R&D, with cross-industry interaction recognised. The project is likely to contribute to the way agricultural research is administered and funded in Australia.