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Australias's Recent Experience with the Collapse of its Wool Buffer Stock Scheme: Some Key Lessons

1992; Wiley; Volume: 15; Issue: 2 Linguagem: Inglês

10.1111/j.1467-9701.1992.tb00515.x

1467-9701

Henk Don, B. H. Gunasekera, Brian S. Fisher,

State Capitalism and Financial Governance

The World EconomyVolume 15, Issue 2 p. 251-269 Australias's Recent Experience with the Collapse of its Wool Buffer Stock Scheme: Some Key Lessons H. Don, H. Don H. DON, B.H. GUNASEKERA and BRIAN S.FISHER are from the Australian Bureau of Agricultural and Resource Economics, Canberra. They wish to acknowledge helpful comments by Paul O'Mara, Paul Morris, Greg Connolly and an anonymous refereeSearch for more papers by this authorB.H. Gunasekera, B.H. Gunasekera H. DON, B.H. GUNASEKERA and BRIAN S.FISHER are from the Australian Bureau of Agricultural and Resource Economics, Canberra. They wish to acknowledge helpful comments by Paul O'Mara, Paul Morris, Greg Connolly and an anonymous refereeSearch for more papers by this authorBrian S. Fisher, Brian S. Fisher H. DON, B.H. GUNASEKERA and BRIAN S.FISHER are from the Australian Bureau of Agricultural and Resource Economics, Canberra. They wish to acknowledge helpful comments by Paul O'Mara, Paul Morris, Greg Connolly and an anonymous refereeSearch for more papers by this author H. Don, H. Don H. DON, B.H. GUNASEKERA and BRIAN S.FISHER are from the Australian Bureau of Agricultural and Resource Economics, Canberra. They wish to acknowledge helpful comments by Paul O'Mara, Paul Morris, Greg Connolly and an anonymous refereeSearch for more papers by this authorB.H. Gunasekera, B.H. Gunasekera H. DON, B.H. GUNASEKERA and BRIAN S.FISHER are from the Australian Bureau of Agricultural and Resource Economics, Canberra. They wish to acknowledge helpful comments by Paul O'Mara, Paul Morris, Greg Connolly and an anonymous refereeSearch for more papers by this authorBrian S. Fisher, Brian S. Fisher H. DON, B.H. GUNASEKERA and BRIAN S.FISHER are from the Australian Bureau of Agricultural and Resource Economics, Canberra. They wish to acknowledge helpful comments by Paul O'Mara, Paul Morris, Greg Connolly and an anonymous refereeSearch for more papers by this author First published: March 1992 https://doi.org/10.1111/j.1467-9701.1992.tb00515.xCitations: 6AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL References Abare (Australian Bureau of Agricultural and Resource Economics) (1990) Wool Price Stabilisation, to the Wool Review Committee (Australian Government Publishing Service, Canberra ). Bardsley, P. 1991, ' Wool on the Brink- The Public Costs of Underwriting the Wool Market. Paper presented at the 35th Annual Conference of the Australian Agricultural Economics Society (University of New England, Armidale, 11–14 February). Barrett, D.L., Q.T. Tran and H.E. Roper (1991). 'Wool', Agriculture and Resources Quarterly, 3, 456– 9. Beare, S.C., B.S. Fisher and A.G. Sutcliff (1991), Managing the Disposal of Australia's Wool Stockpile, ABARE Technical paper 91.2 (Australian Government Publishing Service, Canbera ). Breackling, J.B. Fisher and N. Wallace (1989). ' An Analysis of Farm level Income Variation in the Australian Wool Industry; The Case of the Pastoral Zone. paper presented at the 1989 Australian Meeting of the Econometrics Society (University of New England, Armidale, 13–15 July). Campbell, K.O. and B.S. Fisher 1991, Agricultural marketing and Prices (Longman Cheshire Melbourne ). Campbell, R.B. Gradiner and H. Haszler (1980), 'On the Hidden Revenue Effects of Wool Price Stabilisation in Australia: Initial Results,' Australian Journal of Agricultural Economics, 24, 1– 5. Fisher, B.S. (1983), 'Rational Expectations in the Australian Wool industry Australian Journal of Agricultural Economics, 24, 1– 5. Fisher, B.S. (1983), 'Rational Expectations in the Australian Wool Industry', Australian Journal of Agricultural Economics, 27, 212– 20. Fisher, B.S. and R.G. Munro (1983), 'Supply Response in the Australian Extensive Livestock and Cropping Industries: A Study of Intentions and Expectations', Australian Journal of Agricultural Economics, 27, 1– 11. Fisher, B.S. and C.A. Wall (1990), 'Supply Response in the Australian Sheep Industry: A Profit Function Approach', Australian Journal of Agricultural Economics, 34, 147– 66. Foster, M. (1988), ' Modelling the Australian Wool Corporation's Costs and Revenues Under the Reserve Price Scheme for Wool', Paper presented at the 32and Annual conference of the Australian Agricultural Economics Society (La Trobe University, Melbourne, 8–12 February). Hinchy, M and B. Fisher (1988). 'Benefits From Price Stabilization to Producers and processors: The Australian Buffer-Stock Scheme for Wool American Journal of Agricultural Economics, 70, 604– 15. Longmire, J.L., B.R. Brideoake, R.H. Blanks and N.H. Hall (1979), A Regional programming Model of the Grazing Industry, Bae Occasional paper No. 48 (Australian Government Publishing Service, Canberra ). Longmire, M.L. G. Kaine-Jones and W. Musgrave (1986), ' Comparison of a Buffer-Stock Scheme with a Buffer-Fund Scheme for the Wool Industry. Paper presented at the 30th Annual Conference of the Australilan Agricultural Economics Society (Australian National University, Canberra, 3–5 February). McLachlan, R.R. Valdes and D. Ironfield (1991). ' Assistance to the Wool Industry', Industry Commission Working Paper No: 3 (Canberra, December). Motha, G., T.C. Sheales and M.M. Saad (1975), 'Fluctuations in Australian Rural Production and Prices-Some Implications for Support Policies', Quarterly Review of Agricultural Economics, 28, 38– 48. Newbery, D.M. (1990), ' Commodity Price Stabilization', in M. Scott and D. J. Lal (eds.), Public Policy and Economics Development: Essays in Honour of Ian Little (Cambridge University press, Cambridge ) 80– 108. Newbery, D.M. and J.E. Stiglitz (1981), The Theory of Commodity Price Stabilization: A Study in the Economics of Risk (Clarendon Press, Oxford ). Quiggin, J.C. (1983) 'Wool Price Stabilisation and Profit Risk for Wool Users. Australian journal of Agricultural Economics 27, 41– 3. Scandizzo, P.L., B.R. Hazell and J.R. Anderson (1983), 'Producers Price Expectations and the Size of the Welfare Gains From Price Stabilization', Review of Marketing and Agricultural Economics, 51, 93– 107. Simmons, P. and J. Arthur (1988). ' The Importance of Hidden Gains and Losses: A Case Study of Australian Wool. Paper presented at the 32and Annual Conference of the Australian Agricultural Economics Society (la Trobe University, Melbourne, 8–12 February). Ward, L.E. (1985) 'The Reserve Price Scheme: the Next Ten Years', Wool Technology and Sheep Breeding, 33, 45– 6. Wool Review Committee (1991), The Australian Wool Industry. Recommendations for the Future. Report to the Ministrer for Primary Industries and Energy by the Committee of Review into the Wool Industry (Canberra, March). Citing Literature Volume15, Issue2March 1992Pages 251-269 ReferencesRelatedInformation