Australian Journal of Agricultural and Resource Economics最新文献

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Warren Ferris Musgrave (1935–2022) Warren Ferris Musgrave(1935–2022)
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-10-04 DOI: 10.1111/1467-8489.12531
Vic Wright, Alistair Watson, Garry Griffith
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引用次数: 0
Logs or permits? Forestry land use decisions in an emissions trading scheme 日志还是许可证?排放交易计划中的林地使用决策
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-09-25 DOI: 10.1111/1467-8489.12534
Dominic White, Niven Winchester
{"title":"Logs or permits? Forestry land use decisions in an emissions trading scheme","authors":"Dominic White,&nbsp;Niven Winchester","doi":"10.1111/1467-8489.12534","DOIUrl":"https://doi.org/10.1111/1467-8489.12534","url":null,"abstract":"<p>Negative carbon emissions options are required to meet long-term climate goals in many countries. One way to incentivise these options is by paying farmers for carbon sequestered by forests through an emissions trading scheme (ETS). New Zealand has a comprehensive ETS, which includes incentives for farmers to plant permanent exotic forests. This research uses an economy-wide model, a forestry model and land use change functions to measure the expected proportion of farmers with trees at harvesting age that will change land use from production to permanent forests in New Zealand from 2014 to 2050. We also estimate the impacts on carbon sequestration, the carbon price, gross emissions, GDP and welfare. When there is forestry land use change, the results indicate that the responsiveness of land owners to the carbon price has a measured impact on carbon sequestration. For example, under the fastest land use change scenario, carbon sequestration reaches 29.93 Mt CO<sub>2</sub>e by 2050 compared to 23.41 Mt CO<sub>2</sub>e in the no land use change scenario (a 28% increase). Even under the slowest land use change scenario, carbon sequestration is 25.89 Mt CO<sub>2</sub>e by 2050 (an 11% increase compared with no land use change). This is because, if foresters decide not to switch to permanent forests in 1 year, carbon prices and ultimately incentives to convert to permanent forests will be higher in future years.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12534","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50144054","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
Capitalised nonmarket benefits of multifunctional water-sensitive urban infrastructure: A case of living streams 多功能水敏感型城市基础设施的资本化非市场效益:以河流为例
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-09-07 DOI: 10.1111/1467-8489.12533
Saloomeh Akbari, Maksym Polyakov, Md Sayed Iftekhar
{"title":"Capitalised nonmarket benefits of multifunctional water-sensitive urban infrastructure: A case of living streams","authors":"Saloomeh Akbari,&nbsp;Maksym Polyakov,&nbsp;Md Sayed Iftekhar","doi":"10.1111/1467-8489.12533","DOIUrl":"10.1111/1467-8489.12533","url":null,"abstract":"<p>Living streams are an important element of decentralised stormwater management solutions. They are actively promoted due to their ability to generate multiple ecosystem services, including water quality improvement, biodiversity protection and aesthetics. However, a lack of monetised values of ecosystem services of living stream projects makes it difficult to assess the net benefits of investing in such projects. This study uses the hedonic pricing method to estimate the capitalised amenity values of living streams and other public open spaces (POS) in housing and lot markets for the first time. The study area includes two newly greenfield-developed suburbs in the Perth metropolitan area. We find the positive impact of living streams and other POS on the house and lot prices. However, living streams generate greater value than other types of POS. Furthermore, the POS (including living streams) that support active recreation are valued more than basic POS without active recreation features. Finally, we observe, for the first time, that the benefits of planned but not yet constructed POS (including living stream) are similar to the completed POS (including living stream) in both housing and lot markets. This information is useful for policymakers and developers making informed decisions about water-sensitive urban infrastructure.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12533","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48268101","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
When China strikes: Quantifying Australian companies' stock price responses to China's trade restrictions 当中国罢工:量化澳大利亚公司对中国贸易限制的股价反应
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-09-07 DOI: 10.1111/1467-8489.12532
Tao Xiong, Wendong Zhang, Fangxiao Zhao
{"title":"When China strikes: Quantifying Australian companies' stock price responses to China's trade restrictions","authors":"Tao Xiong,&nbsp;Wendong Zhang,&nbsp;Fangxiao Zhao","doi":"10.1111/1467-8489.12532","DOIUrl":"10.1111/1467-8489.12532","url":null,"abstract":"<p>In early 2020, China, Australia's top export market, unilaterally imposed trade restrictions on Australian barley, beef, coal, cotton, timber, copper and wine. However, convincing evidence regarding the effects of such trade restrictions on firms is scarce. Leveraging data on daily stock returns from 20 listed Australian and 32 listed Chinese firms that produce the restricted commodities, we provide the first systematic analysis of the firm-level economic impacts of China's trade restrictions on Australian and Chinese firms. We find significant adverse effects on Australian firms' stock returns, leading to almost 20% loss within 10 trading days; however, most firms' stock returns immediately rebounded. In contrast, Chinese firms usually saw significant positive stock returns, leading to almost 30% gains, and the positive abnormal returns continuously increased within 10 trading days. Media coverage and trade dependence substantially impact Australian and Chinese firms' stock returns—industries with stronger trade dependence on China saw greater losses in Australian firms' stock returns. Our results suggest that trade <i>reallocation</i> and <i>deflection</i> are two effective mitigation mechanisms for Australian exporters facing China's trade restrictions.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48516104","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
Climate, weather and child health in Burkina Faso 布基纳法索的气候、天气和儿童健康
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-08-08 DOI: 10.1111/1467-8489.12530
Shouro Dasgupta, Elizabeth J. Z. Robinson
{"title":"Climate, weather and child health in Burkina Faso","authors":"Shouro Dasgupta,&nbsp;Elizabeth J. Z. Robinson","doi":"10.1111/1467-8489.12530","DOIUrl":"10.1111/1467-8489.12530","url":null,"abstract":"<p>It is now clear that anthropogenic climate change is having a negative impact on human health. In this paper, we provide the first comprehensive assessment of the impact of climatic stressors on child health in Burkina Faso. We undertake a rigorous empirical analysis of the impact of climate and weather shocks on mortality, stunting (height-for-age <i>Z</i>-score) and wasting (weight-for-age <i>Z</i>-score), using Demographic and Health Surveys, combined with high-resolution meteorological data, controlling for household and individual covariates. We find robust evidence that both lifetime and short-term exposure to high temperatures and droughts have a negative impact on child health, as do increased temperature anomalies during crop seasons, suggesting a link between climate and health through domestic food production. Income and household wealth, access to electricity, sanitation and a health facility for childbirth negate some adverse impacts of climate change. Combining our econometric estimates with updated CMIP6 scenarios, we compute policy-relevant projections of future child health. Our results show that future warming is projected to significantly increase child mortality, and share of underweight and stunted children, in all but the Paris Agreement scenario. Given the links between health, a key element of human capital, and economic growth, our findings and projections provide yet more evidence of the importance of a rapid reduction in global emissions combined with adaptation funding, if lower-income countries are to achieve poverty reduction and increasing prosperity.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12530","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42541931","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: 1
How can trade partners be chosen when facing food scandals? China's milk scandal as a natural experiment 面对食品丑闻,如何选择贸易伙伴?中国牛奶丑闻是一场自然实验
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-07-31 DOI: 10.1111/1467-8489.12528
Wenshou Yan, Yan Cai, Xuan Guo
{"title":"How can trade partners be chosen when facing food scandals? China's milk scandal as a natural experiment","authors":"Wenshou Yan,&nbsp;Yan Cai,&nbsp;Xuan Guo","doi":"10.1111/1467-8489.12528","DOIUrl":"10.1111/1467-8489.12528","url":null,"abstract":"<p>Using China's milk scandal as a natural experiment, this paper explores whether the countries of origin and export destinations have the same responses to the original country's food scandal. Our difference-in-difference estimation shows that the outbreak of China's milk scandal had asymmetric impacts on China's total imports (increased by 23.4%) and exports (sharply dropped by 65.8%). The results further show that China's milk scandal contributed to import increases from European and Oceanian countries. Moreover, China's milk scandal worsened exports, mainly those going to neighbouring Asian regions but increased exports to Oceania. A product quality index is constructed to explain this finding. Intuitively, consumers' perceived quality of Chinese products declined, and they tended to consume products from other countries. The lower the product quality was with those in China, the lower the perceived quality and safety, thereby affecting demand. During the scandal, Chinese consumers tended to buy high-quality dairy products from Europe and Oceania rather than the perceived unreliable dairy products produced by China or neighbouring countries. We conclude that product quality plays a key role in imports and exports when facing food scandals.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44940421","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
Evaluating policy changes on council waste generation and diversion: Evidence from South Australia 评估市政废物产生和转移的政策变化:来自南澳大利亚的证据
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-07-25 DOI: 10.1111/1467-8489.12529
Ying Xu, Sarah Ann Wheeler, Firmin Doko Tchatoka
{"title":"Evaluating policy changes on council waste generation and diversion: Evidence from South Australia","authors":"Ying Xu,&nbsp;Sarah Ann Wheeler,&nbsp;Firmin Doko Tchatoka","doi":"10.1111/1467-8489.12529","DOIUrl":"10.1111/1467-8489.12529","url":null,"abstract":"<p>Australia, like most countries worldwide, faces increasing issues with burgeoning waste generation and its appropriate disposal. Hence, effective policies and programmes are needed to change household waste generation and recycling behaviour, thereby reducing waste into landfill. To date, however, there has been little academic research on the potential effects of various policies on waste generation. We employ a rare data set and the fixed-effects linear regression model with autoregressive disturbances to investigate how a variety of public policies (namely education campaigns, roll-out of food diversion systems and provision of food caddies) influence monthly waste generation and diversion in Adelaide, South Australia, from 2006 to 2020. The results show that the introduction of food waste caddies and diversion systems was associated with increased diversion rates, saving local councils the gross equivalent of AUD$4.67 million in reduced solid waste landfill levies. However, education campaigns regarding food waste and recycling alone were found to have no significant association with reduced waste or increased recycling.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12529","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45577908","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 economics of drought: A review of impacts and costs 干旱的经济学:影响和成本综述
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-06-28 DOI: 10.1111/1467-8489.12527
David A. Fleming-Muñoz, Stuart Whitten, Graham D. Bonnett
{"title":"The economics of drought: A review of impacts and costs","authors":"David A. Fleming-Muñoz,&nbsp;Stuart Whitten,&nbsp;Graham D. Bonnett","doi":"10.1111/1467-8489.12527","DOIUrl":"10.1111/1467-8489.12527","url":null,"abstract":"<p>Although a growing body of literature studies drought impacts, papers providing a comprehensive review of drought's social and economic impacts are scarce. This paper fills this gap by exploring the consequences of drought on societies based on research findings in Australia—a large country used to experiencing severe droughts. To do this, we propose a framework to categorise drought impacts in three dimensions: individuals/households (including health), productive sectors and system (including economic and ecosystem) impacts. The framework then guides a systematic literature review and discussion of studies looking at diverse drought impacts and their related costs. By analysing and discussing the findings from this literature, we emphasise different policy considerations, empirical challenges and research needs to support robust analysis and estimates of the true cost of droughts. We conclude by proposing an expanded framework to identify drought impacts and a discussion of the implications of the review for policy development.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12527","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49163531","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
Loss of preferential access to the protected EU sugar market: Fiji's response 失去进入受保护的欧盟食糖市场的优惠机会:斐济的回应
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-06-21 DOI: 10.1111/1467-8489.12526
Kym Anderson
{"title":"Loss of preferential access to the protected EU sugar market: Fiji's response","authors":"Kym Anderson","doi":"10.1111/1467-8489.12526","DOIUrl":"10.1111/1467-8489.12526","url":null,"abstract":"<p>The Fijian government's response since 2010 to the loss of preferential access to the European Union's previously highly protected sugar market has been to increasingly support its cane growers and millers. That support is now much higher than most other countries' assistance to the sugar industry. This study provides detailed estimates of the changing extent of those transfers to producers from both taxpayers and consumers during 2010–22. In doing so, it estimates for the first time an annual time series of nominal rates of assistance to producers and consumer tax equivalent rates (NRAs and CTEs, but they are also converted to producer and consumer support estimates as defined by the OECD). Those NRA and CTE estimates have been approaching 100%. The level of support was equivalent to 10% of Fiji's agricultural value added in 2018–21 and is around 5% of its government's consolidated revenue—at a time when the government has a very high debt-to-GDP ratio (90% in 2022). Since the nature of the support is economically inefficient, inequitable, environmentally damaging and fiscally unsustainable given foreseeable market prospects, suggestions are made as to how that support might be repurposed to provide better economic, social and environmental outcomes for Fiji.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12526","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42238822","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: 1
Measuring pesticide overuse and its determinants: Evidence from Vietnamese rice and fruit farms 测量农药过度使用及其决定因素:来自越南水稻和水果农场的证据
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-06-07 DOI: 10.1111/1467-8489.12521
Lan Tran, Theodoros Skevas, Laura McCann
{"title":"Measuring pesticide overuse and its determinants: Evidence from Vietnamese rice and fruit farms","authors":"Lan Tran,&nbsp;Theodoros Skevas,&nbsp;Laura McCann","doi":"10.1111/1467-8489.12521","DOIUrl":"10.1111/1467-8489.12521","url":null,"abstract":"<p>Pesticides have long been important for the development of agricultural production. However, improper use of pesticides may result in inefficiency with respect to farm profitability, in addition to external effects of pesticide use on environmental and human health. This paper employs a production function that explicitly accounts for the role of damage abatement inputs (i.e. pesticides) in the production process, to examine the optimal use of pesticides. It then investigates determinants of pesticide overuse versus underuse and the intensity of overuse. The empirical application uses data on Vietnamese rice and fruit farms drawn from the 2016 Vietnamese Household Living Standards Survey. Results show about 95% of farmers overused pesticides for both rice and fruit farming systems. The Mekong Delta, also known as the ‘Rice Bowl’ of Vietnam, has higher levels of overuse on rice farms than two other regions. Overuse intensity is lower for female and poorer rice farmers while intensity is higher for those with more income and more family members. For fruit farms, younger farmers or those with more family members were more likely to overuse versus underuse pesticides.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45652214","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: 1
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