首页 | 本学科首页   官方微博 | 高级检索  
     检索      


Was It Possible to Stabilise the Price of Wool? Organised Wool Marketing 1916 to 1970
Authors:Malcolm Abbott  David Merrett
Institution:1. Swinburne University of Technology;2. University of Melbourne
Abstract:Wool is the only Australian commodity for which there has been an attempt to organise price stability through a buffer stock scheme (1970–91). Growers pressed for the introduction of a scheme since the early 1920s. We test the veracity of claims that the sale of the stockpiles optimised growers' returns. We also simulate the likely outcomes of the reserve price schemes (RPS) proposed in 1925 and 1952, respectively. Our findings are that post-war stockpile disposals did not optimise wool growers' incomes, the undercapitalised proposed RPS of the 1920s would have collapsed in the depression, and that the post-1952 RPS would have been in considerable difficulty.
Keywords:Australia  buffer stock  reserve price  wool
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号