{"title":"Framing the Economy of the Future: Six Socio-Economic Trends for Sustainability, Circularity and Inclusivity. By Niels Faber and Sjors Witjes, Northampton, USA: Edward Elgar Publishing Inc., 2024. 255 pp. ISBN: 978-1-78-990023-1","authors":"Jack B. Hetherington","doi":"10.1111/1467-8489.70078","DOIUrl":"10.1111/1467-8489.70078","url":null,"abstract":"","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"70 1","pages":"272-273"},"PeriodicalIF":2.1,"publicationDate":"2025-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146136144","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}
{"title":"Access to Credit and Mechanisation Service Expenditure: An Analysis Considering Access, Sources, Purposes and Amounts of Credit","authors":"Xiance Sang, Wanglin Ma, Aya Suzuki, Hepei Zhang","doi":"10.1111/1467-8489.70072","DOIUrl":"10.1111/1467-8489.70072","url":null,"abstract":"<div>\u0000 \u0000 <p>This study estimates the impact of access to credit on mechanisation service expenditure by considering farmers' binary credit access decisions and distinguishing between formal and informal credit access. We employ a conditional mixed process model to address selection bias issues and use open-access data from the Rural Development Institute at the Chinese Academy of Social Sciences (Beijing, China) through the 2020 China Rural Revitalization Survey. The theoretical analyses suggest that relaxing credit constraints enables farmers to achieve higher net returns by increasing all variable inputs, including farm machines, until they achieve the expected optimal level. The empirical results reveal that access to credit significantly increases mechanisation service expenditure by 115.5 yuan/mu, and the impact is larger on farmers cultivating small- and medium-sized farms and those residing in the less developed central and western regions. Access to formal and informal credit affects mechanisation service expenditure differently. Specifically, accessing credit from formal sources (e.g., banks) significantly increases mechanisation service expenditure by 44.7 yuan/mu, while accessing credit from informal sources (e.g., friends and relatives) has no statistically significant effect on mechanisation service expenditure. Moreover, credit primarily intended for financing agricultural production significantly increases mechanisation service expenditure by 83.5 yuan/mu, whereas credit used mainly for non-agricultural purposes significantly reduces such expenditure by 25.5 yuan/mu. These findings are further verified by estimating the effects of loan amounts on mechanisation service expenditure. Finally, we also investigate the nexus between mechanisation service adoption and farm performance, revealing that mechanisation service adoption increases crop yield by 12.6% and commercialisation by 77.4%, respectively.</p>\u0000 </div>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"70 1","pages":"112-131"},"PeriodicalIF":2.1,"publicationDate":"2025-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146130243","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}
{"title":"Willingness-to-Pay for Safe Vegetables: A Comparative Analysis Between Wet Market and Supermarket Shoppers in Urban Cambodia","authors":"Mercy Mwambi, Pepijn Schreinemachers, Naphtal Habiyaremye, Lyda Hok, Uon Bonnarith, Paul Ebner","doi":"10.1111/1467-8489.70061","DOIUrl":"10.1111/1467-8489.70061","url":null,"abstract":"<p>Consumers in low- and middle-income countries are increasingly worried about food safety, but markets for safe produce remain underdeveloped and do not offer farmers a premium price. This study used the Becker–DeGroot–Marschak experimental auction design to identify the market for safe vegetables by assessing consumers' willingness to pay for both internationally and locally certified vegetables. The study involved 585 shoppers at wet markets and supermarkets in Phnom Penh, Cambodia. The factors influencing willingness to pay were analysed using Pooled Ordinary Least Squares. Compared to uncertified vegetables, shoppers were willing to pay 100% more for those certified as United States Department of Agriculture Organic and 55% more for those certified under Cambodian Global Agricultural Practices. Providing information about both types of certification increased shoppers' willingness to pay for certified vegetables, with a greater increase for the international label than the local one. For the local label, information only increased willingness to pay among supermarket shoppers, not wet market shoppers. Our findings highlight the importance of age and income in shaping consumers' willingness to pay for safe produce. We offer recommendations to improve food purchasing choices in low-income countries, emphasising the need for food safety information that is tailored to different populations.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"70 1","pages":"222-238"},"PeriodicalIF":2.1,"publicationDate":"2025-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.70061","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146130242","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}
{"title":"Calorie Labelling of Delivered Meals for Healthier Consumer Choices","authors":"Dan Wang, Wuyang Hu, Jian Li, Ping Qing","doi":"10.1111/1467-8489.70071","DOIUrl":"10.1111/1467-8489.70071","url":null,"abstract":"<div>\u0000 \u0000 <p>Calorie information is often absent for delivered meals. We use a discrete choice experiment to examine how three calorie label strategies affect consumer choices for delivered meals: a numeric calorie label, a numeric plus traffic light calorie label and a physical activity calorie equivalent label. Relative to no label, all three strategies increase preferences for low-calorie delivered meals. Consumers prefer medium-calorie delivered meals more under the numeric and the numeric plus traffic light labels than under the physical activity calorie equivalent label. Conversely, the physical activity calorie equivalent label outperforms the numeric label in enhancing the market share of low-calorie delivered meals. The numeric plus traffic light label is more effective than the numeric label in reducing the market share of high-calorie delivered meals while increasing consumer willingness to pay for low-calorie delivered meals. Furthermore, effects vary across meal categories and product characteristics. These findings underscore that flexible calorie labelling on delivery platforms can promote healthier choices and provide actionable guidance for industry stakeholders and policymakers.</p>\u0000 </div>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"70 1","pages":"239-254"},"PeriodicalIF":2.1,"publicationDate":"2025-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146129763","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}
{"title":"Calorie Labelling of Delivered Meals for Healthier Consumer Choices","authors":"Dan Wang, Wuyang Hu, Jian Li, Ping Qing","doi":"10.1111/1467-8489.70071","DOIUrl":"https://doi.org/10.1111/1467-8489.70071","url":null,"abstract":"<div>\u0000 \u0000 <p>Calorie information is often absent for delivered meals. We use a discrete choice experiment to examine how three calorie label strategies affect consumer choices for delivered meals: a numeric calorie label, a numeric plus traffic light calorie label and a physical activity calorie equivalent label. Relative to no label, all three strategies increase preferences for low-calorie delivered meals. Consumers prefer medium-calorie delivered meals more under the numeric and the numeric plus traffic light labels than under the physical activity calorie equivalent label. Conversely, the physical activity calorie equivalent label outperforms the numeric label in enhancing the market share of low-calorie delivered meals. The numeric plus traffic light label is more effective than the numeric label in reducing the market share of high-calorie delivered meals while increasing consumer willingness to pay for low-calorie delivered meals. Furthermore, effects vary across meal categories and product characteristics. These findings underscore that flexible calorie labelling on delivery platforms can promote healthier choices and provide actionable guidance for industry stakeholders and policymakers.</p>\u0000 </div>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"70 1","pages":"239-254"},"PeriodicalIF":2.1,"publicationDate":"2025-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146129764","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}
Andrew Muhammad, Md Deluair Hossen, Karen Lewis DeLong
{"title":"Analysis of Japanese Beef Imports: Exploring Source and Primal Differentiation and Their Implications for Tariff Liberalisation","authors":"Andrew Muhammad, Md Deluair Hossen, Karen Lewis DeLong","doi":"10.1111/1467-8489.70069","DOIUrl":"10.1111/1467-8489.70069","url":null,"abstract":"<p>Import demand and trade studies often rely on aggregate Harmonised System data, which could result in aggregation bias and erroneous policy inference. We examine the demand for imported beef in Japan using more detailed trade data that accounts for source (e.g., Australia, United States) and primal cut (e.g., chuck, brisket, loin). The data allow us to address key questions: Are source-specific preferences conditional on product characteristics and vice versa? Do preferences, as measured by estimates of habit formation, expenditure allocation and own-price responsiveness, significantly differ when product characteristics are ignored? When assessing the gains from tariff liberalisation, are welfare estimates biased by the level of product differentiation assumed for analysis? Including both source and primal cut in the modelling framework enhance the analysis, leading to a better understanding of Japanese import demand. Results indicate that source-based preferences are influenced by the primal cut and vice versa. However, elasticity estimates are not significantly different across models in most instances, particularly when source is considered. Additionally, the trade policy analysis yields comparable welfare outcomes. In this instance, more aggregated data does not cause significant issues for policy analysis. This is good news for larger scale analysis limited to Harmonised System data.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"70 1","pages":"193-207"},"PeriodicalIF":2.1,"publicationDate":"2025-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.70069","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146129855","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}
Andrew Muhammad, Md Deluair Hossen, Karen Lewis DeLong
{"title":"Analysis of Japanese Beef Imports: Exploring Source and Primal Differentiation and Their Implications for Tariff Liberalisation","authors":"Andrew Muhammad, Md Deluair Hossen, Karen Lewis DeLong","doi":"10.1111/1467-8489.70069","DOIUrl":"10.1111/1467-8489.70069","url":null,"abstract":"<p>Import demand and trade studies often rely on aggregate Harmonised System data, which could result in aggregation bias and erroneous policy inference. We examine the demand for imported beef in Japan using more detailed trade data that accounts for source (e.g., Australia, United States) and primal cut (e.g., chuck, brisket, loin). The data allow us to address key questions: Are source-specific preferences conditional on product characteristics and vice versa? Do preferences, as measured by estimates of habit formation, expenditure allocation and own-price responsiveness, significantly differ when product characteristics are ignored? When assessing the gains from tariff liberalisation, are welfare estimates biased by the level of product differentiation assumed for analysis? Including both source and primal cut in the modelling framework enhance the analysis, leading to a better understanding of Japanese import demand. Results indicate that source-based preferences are influenced by the primal cut and vice versa. However, elasticity estimates are not significantly different across models in most instances, particularly when source is considered. Additionally, the trade policy analysis yields comparable welfare outcomes. In this instance, more aggregated data does not cause significant issues for policy analysis. This is good news for larger scale analysis limited to Harmonised System data.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"70 1","pages":"193-207"},"PeriodicalIF":2.1,"publicationDate":"2025-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.70069","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146129934","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}
{"title":"Demand Shocks From the Gas Turbine Fleet in Australia's National Electricity Market","authors":"Paul Simshauser, Joel Gilmore","doi":"10.1111/1467-8489.70065","DOIUrl":"https://doi.org/10.1111/1467-8489.70065","url":null,"abstract":"<div>\u0000 \u0000 <p>The long-run task of Australian power system planners is to identify the structural adjustment pathway associated with retiring the National Electricity Market's (NEM) coal fleet. System planning models seek to do this at minimum cost subject to a reliability constraint. This involves the deployment of low-cost intermittent wind and solar resources with a mix of dispatchable, flexible ‘firming’ assets. Coal's energy-producing role is thus replaced by renewables, and firming duties by short-duration batteries, intermediate duration pumped hydro and the last line of defence—gas turbines. As it turns out, the mix of firming assets is crucial. In this article, we examine 12 (anonymised) electricity market model forecasts in the post-coal era and find all have a surprisingly heavy reliance on gas turbines during critical event winter days. Using a dynamic partial equilibrium model of the east Australian gas market, we test the severity of what appear to be demand shocks from an emergent gas turbine fleet. The episodic demand shocks present as intractable, particularly if batteries and pumped hydro plant are ‘underweight’ within the aggregate generating portfolio. Adequate time is available for policymakers to respond in an orderly manner.</p>\u0000 </div>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"70 1","pages":"3-21"},"PeriodicalIF":2.1,"publicationDate":"2025-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146130261","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}
{"title":"Demand Shocks From the Gas Turbine Fleet in Australia's National Electricity Market","authors":"Paul Simshauser, Joel Gilmore","doi":"10.1111/1467-8489.70065","DOIUrl":"10.1111/1467-8489.70065","url":null,"abstract":"<div>\u0000 \u0000 <p>The long-run task of Australian power system planners is to identify the structural adjustment pathway associated with retiring the National Electricity Market's (NEM) coal fleet. System planning models seek to do this at minimum cost subject to a reliability constraint. This involves the deployment of low-cost intermittent wind and solar resources with a mix of dispatchable, flexible ‘firming’ assets. Coal's energy-producing role is thus replaced by renewables, and firming duties by short-duration batteries, intermediate duration pumped hydro and the last line of defence—gas turbines. As it turns out, the mix of firming assets is crucial. In this article, we examine 12 (anonymised) electricity market model forecasts in the post-coal era and find all have a surprisingly heavy reliance on gas turbines during critical event winter days. Using a dynamic partial equilibrium model of the east Australian gas market, we test the severity of what appear to be demand shocks from an emergent gas turbine fleet. The episodic demand shocks present as intractable, particularly if batteries and pumped hydro plant are ‘underweight’ within the aggregate generating portfolio. Adequate time is available for policymakers to respond in an orderly manner.</p>\u0000 </div>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"70 1","pages":"3-21"},"PeriodicalIF":2.1,"publicationDate":"2025-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146130260","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}
{"title":"Evaluating the Economic Impacts of Climate Change on Aotearoa–New Zealand's Dairy Sector","authors":"Anita Wreford, Meike Guenther, John T Saunders","doi":"10.1111/1467-8489.70062","DOIUrl":"10.1111/1467-8489.70062","url":null,"abstract":"<p>This study examines the economic impacts of climate change on Aotearoa-New Zealand's (A-NZ) dairy sector, a critical contributor to the nation's GDP and global agricultural trade. Using a combination of biophysical and economic modelling, including the Dairy Sector Pathways (DSP) model and a multi-country partial equilibrium model (LTEM), the research evaluates the sector's response under various gradual climate change and extreme event scenarios. Results indicate that climate change will generally have a negative economic impact on the A-NZ dairy sector, with producer returns decreasing as global temperatures rise. However, scenarios involving global heat stress show potential for higher revenues due to increased global dairy prices offsetting local production declines. Adaptation strategies, like changes in pasture and feed management, reduce some impacts, but their effectiveness diminishes under severe climate scenarios. Extreme events, such as frequent droughts, exacerbate losses, reducing GDP contributions from dairy by up to 32% by the century's end. This comprehensive assessment underscores the importance of integrating adaptation and mitigation strategies to safeguard economic stability and enhance resilience in the dairy industry.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"70 1","pages":"71-86"},"PeriodicalIF":2.1,"publicationDate":"2025-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.70062","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146130203","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}