Fraser, I. and Hone, P. (2003) Agricultural land retirement: Lessons from an Australian case study. Land Use Policy, 20 (1). pp. 61-72. ISSN 0264-8377 .
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| Official URL http://dx.doi.org/10.1016/S0264-8377(02)00050-9 |
Abstract
In this paper, we analyse the case for agricultural land retirement in Australia. For the case study considered, using defined criteria, we demonstrate that land retirement is an effective policy option. This finding depends crucially on the magnitude and sign of the price effect resulting from a fall in wool production because of agricultural I and retirement. Uniquely in the literature. we argue that the price effect will positively contribute to a benefit-cost analysis of agricultural land retirement. We detail the necessary conditions that need to prevail for this to occur. We also explain why the expected benefits of land-use change are fewer than might be expected in the case study.
| Item Type: | Article |
|---|---|
| Uncontrolled keywords: | land retirement; price effect; wool |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculties > Social Sciences > Kent Business School > Agri-Environment Economics |
| Depositing User: | Iain Fraser |
| Date Deposited: | 08 Sep 2008 16:43 |
| Last Modified: | 14 Jan 2010 14:21 |
| Resource URI: | http://kar.kent.ac.uk/id/eprint/5538 (The current URI for this page, for reference purposes) |
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