Australian Journal of Agricultural and Resource Economics最新文献

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A time-varying and frequency-dependent network of conventional and organic milk markets in France and Germany 法国和德国传统和有机牛奶市场的时变和频率依赖网络
IF 2.6 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2024-11-04 DOI: 10.1111/1467-8489.12596
Panos Fousekis
{"title":"A time-varying and frequency-dependent network of conventional and organic milk markets in France and Germany","authors":"Panos Fousekis","doi":"10.1111/1467-8489.12596","DOIUrl":"https://doi.org/10.1111/1467-8489.12596","url":null,"abstract":"<p>This work investigates the linkages among conventional and organic milk markets in France and Germany using the flexible TVP-VAR connectedness approach. Price connectedness tends to be stronger in the spatial than in the quality dimension of the market network. The bulk of the adjustments to incoming price innovations are completed beyond the 3-month frequency range. Organic milk markets are more likely to be net-transmitters of shocks to conventional markets. Total connectedness has not been increasing. The strength of price spillovers between market pairs varies widely with time; their pattern does not, thus pointing to a fairly stable internal network structure.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"69 1","pages":"43-58"},"PeriodicalIF":2.6,"publicationDate":"2024-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12596","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143111965","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Decomposing the impact of genetically modified organism regulation on bilateral trade: An application to corn trade 分解转基因生物管制对双边贸易的影响:以玉米贸易为例
IF 2.6 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2024-10-17 DOI: 10.1111/1467-8489.12591
M. Amine Hedoui, John C. Beghin
{"title":"Decomposing the impact of genetically modified organism regulation on bilateral trade: An application to corn trade","authors":"M. Amine Hedoui,&nbsp;John C. Beghin","doi":"10.1111/1467-8489.12591","DOIUrl":"https://doi.org/10.1111/1467-8489.12591","url":null,"abstract":"<p>Our study investigates the impact of genetically modified organism (GMO) regulations on international agricultural trade, with a specific focus on GMO approvals. We analyse the effects of GMO regulations on bilateral trade through three main pathways: productivity enhancements in the exporting country, regulatory dissimilarities between trading partners and the influence of GMO approvals on demand in the importing country. Using a panel data set on corn trade and employing advanced econometric techniques, our findings reveal that GMO cultivation approvals in exporting countries have the most substantial and consistent positive effect on trade. Conversely, the impact of GMO demand approvals in importing countries is relatively smaller and negative. Additionally, regulatory dissimilarities between any two countries become negligible when accounting for the effects of cultivation and demand approvals. Thus, GMO approval regulations exert more significant multilateral effects on trade than bilateral ones.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"69 1","pages":"157-177"},"PeriodicalIF":2.6,"publicationDate":"2024-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12591","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143116220","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
What explains changes in grape varietal mixes in Australia's wine regions? 如何解释澳大利亚葡萄酒产区葡萄品种混合的变化?
IF 2.6 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2024-10-17 DOI: 10.1111/1467-8489.12594
German Puga, Kym Anderson
{"title":"What explains changes in grape varietal mixes in Australia's wine regions?","authors":"German Puga,&nbsp;Kym Anderson","doi":"10.1111/1467-8489.12594","DOIUrl":"https://doi.org/10.1111/1467-8489.12594","url":null,"abstract":"<p>In an ever-more-competitive global beverage market, vignerons compete for the attention of consumers by trying to differentiate their wine from others while also responding to technological advances, climate change and evolving demand patterns. In doing so, they highlight their regional and varietal distinctiveness while keeping an eye on changes in consumer preferences for different varieties. This paper examines and seeks to explain the extent to which winegrape varietal mixes vary across regions and over time within Australia and relative to the rest of the world. It reports changes in indices of similarity across regions and indices of concentration in the winegrape varietal mix within regions. Nationally, the varietal mix has become less differentiated and closer to that of France and the world as a whole. However, individual regions within Australia are becoming more concentrated in their mix of varieties and more differentiated from other Australian regions. We estimate supply response models based on a Nerlovian adaptive profit expectations and partial acreage adjustment framework. These models do not provide insights into many of the variables influencing vignerons' planting decisions, but they help explain recent changes in varietal mixes. The results suggest that changes in varietal mixes are more motivated by expected revenues than by what may work best based on the climate of each region. In the wake of climate change and global wine demand premiumising, some Australian vignerons may find their region is too warm for producing high-quality wine with the winegrape varieties planted there.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"69 1","pages":"121-136"},"PeriodicalIF":2.6,"publicationDate":"2024-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12594","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143116219","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A simple model of internal and external balance for resource-rich developing countries 资源丰富的发展中国家内部和外部平衡的简单模式
IF 2.6 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2024-10-11 DOI: 10.1111/1467-8489.12589
M. H. Davies, M. Schröder
{"title":"A simple model of internal and external balance for resource-rich developing countries","authors":"M. H. Davies,&nbsp;M. Schröder","doi":"10.1111/1467-8489.12589","DOIUrl":"https://doi.org/10.1111/1467-8489.12589","url":null,"abstract":"<p>We present a simple model of internal and external balance that incorporates key features of resource-rich developing countries (RRDCs). The main result is that ‘government take’—the ratio of fiscal resource revenue to resource output—is a key determinant of the equilibrium real exchange rate (ERER) in these countries. Examining the case of Papua New Guinea, which has grappled with foreign exchange restrictions since 2015, we find that about half of the RER overvaluation estimated at 26% in 2019 would disappear if the current low level of government take was to be lifted to its long-term average. The analysis has two key takeaways for RRDCs. First, changes in the government take require adjustments to the RER and fiscal policy to maintain internal and external balance. Second, economic adjustments to falls in the take are difficult; therefore, policies seeking to stabilise the take over time to promote macroeconomic stability are recommended.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"69 1","pages":"178-199"},"PeriodicalIF":2.6,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12589","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143114398","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The interplay of drought, human–wildlife conflict and food security: Insights from rural Zimbabwe 干旱、人类与野生动物冲突和粮食安全的相互作用:来自津巴布韦农村的见解
IF 2.6 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2024-10-01 DOI: 10.1111/1467-8489.12592
Terrence Kairiza, Asankha Pallegedara, Lloyd Chigusiwa
{"title":"The interplay of drought, human–wildlife conflict and food security: Insights from rural Zimbabwe","authors":"Terrence Kairiza,&nbsp;Asankha Pallegedara,&nbsp;Lloyd Chigusiwa","doi":"10.1111/1467-8489.12592","DOIUrl":"https://doi.org/10.1111/1467-8489.12592","url":null,"abstract":"<p>The frequency and severity of drought has been increasing in Southern Africa against the backdrop of an increase in the population of both humans and wildlife, most notably elephants. This has increased the incidents of human–wildlife conflict (HWC) due to competition for food and water, further complicating both conservation efforts and food security for farmer-households juxtaposed to wildlife corridors. We seek insights into these issues by examining the role of drought in inducing HWC in rural Zimbabwe and investigate the effect of HWC on the food-security status of rural households. We utilise data from the 2023 nationally representative survey of rural Zimbabwean households in this endeavour. To avoid the confounding problem associated with self-selection into a HWC household and taking into account the count nature of our outcome variable, we employ the endogenous switching regression model with count data. The results provide three major insights. First, drought occurrence increases the likelihood of HWC among rural farmer-households. Second, HWC increases rural household vulnerability to food insecurity. Finally, the HWC shock is inconsequential on farmer-household food insecurity if the farmer-household has already suffered the drought shock.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"69 1","pages":"232-250"},"PeriodicalIF":2.6,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143110602","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Measuring quantity in ecosystem markets and ecosystem accounts 衡量生态系统市场和生态系统账户中的数量
IF 2.6 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2024-09-18 DOI: 10.1111/1467-8489.12590
Gary Stoneham, Craig Beverly
{"title":"Measuring quantity in ecosystem markets and ecosystem accounts","authors":"Gary Stoneham,&nbsp;Craig Beverly","doi":"10.1111/1467-8489.12590","DOIUrl":"https://doi.org/10.1111/1467-8489.12590","url":null,"abstract":"<p>The quantity of ecosystem services produced from land cannot be readily measured at the site level needed for participation in ecosystem markets, or at a regional level needed to create ecosystem accounts. This paper applies biological scaling principles to develop a quantity metric in which areas of ecosystem (extent) scale allometrically to ecosystem services (a capacity measure) according to a scaling exponent defined by the fractal dimension of ecosystem vegetation. A key conclusion of this paper is that the quantity of ecosystem services arising from ecosystem degradation and conservation activities cannot be estimated unless information about the space-filling properties of vegetation is observed and included in the quantity measurement methodology. The paper demonstrates how remote sensing techniques can be applied to systematically measure ecosystem extent and fractal dimension. It illustrates the economic efficiency and environmental outcome implications of such a quantity metric through comparison with current quantity estimation methods that assume isometric scaling. The quantity metric proposed has potential applications to ecosystem accounting. It enables information currently reported in land accounts to be combined with information reported in ecosystem condition accounts to create ecosystem stock accounts measured in physical units.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"68 4","pages":"769-783"},"PeriodicalIF":2.6,"publicationDate":"2024-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12590","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435500","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Electricity contract design and wholesale market outcomes in Australia's National Electricity Market 澳大利亚国家电力市场的电力合同设计和批发市场结果
IF 2.6 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2024-09-05 DOI: 10.1111/1467-8489.12588
Tim Nelson, Stephanie Easton, Lewis Wand, Joel Gilmore, Tahlia Nolan
{"title":"Electricity contract design and wholesale market outcomes in Australia's National Electricity Market","authors":"Tim Nelson,&nbsp;Stephanie Easton,&nbsp;Lewis Wand,&nbsp;Joel Gilmore,&nbsp;Tahlia Nolan","doi":"10.1111/1467-8489.12588","DOIUrl":"https://doi.org/10.1111/1467-8489.12588","url":null,"abstract":"<p>The emergence of variable renewable energy (VRE) technologies has created a range of different energy contracting techniques. Within Australia's National Electricity Market (NEM), Run-of-Plant (RoP) Power Purchase Agreements (PPAs) became the most common form of contract with purchasers of wind and solar energy agreeing to pay a fixed price for energy irrespective of when it is produced and, therefore, its actual value to the market. In November 2023, the Commonwealth Government adopted a 32 GW RoP PPA Contract-for-Difference (CfD) underwriting policy that aims to effectively shield the generator from market price risk. This article discusses different contract structures and their impact on participant behaviour during periods of material oversupply and negative prices. We find that embedded solar PV exports into the distribution network, which are not required to dynamically participate in the wholesale market, have increased wholesale energy supply, enabling profit maximising vertically integrated renewable firms to drive prices lower in a manner that partially strands the output of RoP PPA CfD generators with a $0/MWh price floor. A key conclusion from our analysis is that requiring embedded solar PV to effectively participate in the wholesale market appears to be a pre-condition for the efficacy of government-initiated RoP PPA CfDs.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"68 4","pages":"784-804"},"PeriodicalIF":2.6,"publicationDate":"2024-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12588","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435164","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Beyond risk management: Crop insurance premium subsidies reduce cropland abandonment in China 超越风险管理:中国的农作物保险保费补贴减少了耕地抛荒
IF 2.6 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2024-09-03 DOI: 10.1111/1467-8489.12586
Biao Ma, Chao Peng, Le Yu
{"title":"Beyond risk management: Crop insurance premium subsidies reduce cropland abandonment in China","authors":"Biao Ma,&nbsp;Chao Peng,&nbsp;Le Yu","doi":"10.1111/1467-8489.12586","DOIUrl":"https://doi.org/10.1111/1467-8489.12586","url":null,"abstract":"<p>Although crop insurance is widely acknowledged as an effective risk management strategy for safeguarding food security, the causality between crop insurance premium subsidies and cropland abandonment remains inadequately investigated. This study employs a staggered difference-in-differences model to investigate the impact of the Crop Insurance Premium Subsidies Program (CISP) on cropland abandonment using representative household-level panel data from China spanning from 2004 to 2012. Our analysis reveals that crop insurance premium subsidies significantly mitigate cropland abandonment. This relationship is primarily due to the stabilisation of household income growth, which incentivises farmers to augment agricultural inputs and enhance development resilience. Furthermore, our heterogeneous analysis indicates that the effect of the CISP is more pronounced in households located in non-grain-producing regions or areas with lower economic development. These findings underscore the previously overlooked role of crop insurance premium subsidies in preventing cropland abandonment and offer new insights into measures aimed at ensuring food security.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"68 4","pages":"891-911"},"PeriodicalIF":2.6,"publicationDate":"2024-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435056","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Effect of dependence on natural resources on employment quality: Insights from African countries 对自然资源的依赖对就业质量的影响:非洲国家的启示
IF 2.6 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2024-08-29 DOI: 10.1111/1467-8489.12587
Armand Totouom, Hilaire Nkengfack, Joseph Pasky Ngameni
{"title":"Effect of dependence on natural resources on employment quality: Insights from African countries","authors":"Armand Totouom,&nbsp;Hilaire Nkengfack,&nbsp;Joseph Pasky Ngameni","doi":"10.1111/1467-8489.12587","DOIUrl":"https://doi.org/10.1111/1467-8489.12587","url":null,"abstract":"<p>This study evaluates the effect of natural resource dependence on employment quality in Africa, analysing data from 2002 to 2020. Our findings indicate that resource dependence is positively and significantly linked to poor employment quality. Specifically, a one-percentage-point increase in resource rent dependence results in a 0.026-percentage-point rise in vulnerable employment and a 0.282-percentage-point increase in working poverty rates. However, this effect of resource rents on employment quality occurs only when institutional quality is low. Once institutional quality surpasses a certain threshold, this adverse effect is reversed. These results highlight the need for policies that diversify economic structures to reduce African economies' overreliance on natural resource rents and enhance institutional quality.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"68 4","pages":"805-825"},"PeriodicalIF":2.6,"publicationDate":"2024-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Estimating the value of self-drive recreation in the remote Kimberley: Sensitivity to multi-destination trips 估算偏远金伯利地区自驾游的价值:多目的地旅行的敏感性
IF 2.6 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2024-08-27 DOI: 10.1111/1467-8489.12584
Alaya Spencer-Cotton, Marit E. Kragt, Michael Burton
{"title":"Estimating the value of self-drive recreation in the remote Kimberley: Sensitivity to multi-destination trips","authors":"Alaya Spencer-Cotton,&nbsp;Marit E. Kragt,&nbsp;Michael Burton","doi":"10.1111/1467-8489.12584","DOIUrl":"https://doi.org/10.1111/1467-8489.12584","url":null,"abstract":"<p>The remote and iconic Kimberley region, in northern Western Australia, is a contested landscape with growing pressure for different types of land use and development. The region has high biodiversity values and impressive scenery that provide attractive recreation experiences for visitors. We estimate the value of domestic recreation to the region using a travel cost model. Analysis includes two approaches for accounting for multi-destination trips (MDTs) given travel to remote sites are more likely to include these than shorter trips, and four specifications for the value of travel time. We estimate a total consumer surplus of A$110.34 million annually and find that adjusting travel costs for MDTs using stated survey information produces a better fitting model than using revealed travel information. These findings highlight both the importance of estimating recreation values for use in land use planning in the Kimberley and for improving the travel cost method for remote sites where per-trip travel costs are high.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"68 4","pages":"731-751"},"PeriodicalIF":2.6,"publicationDate":"2024-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12584","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435781","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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