Australian Coal Mining: Estimating technical change and resource exhaustion in a translog cost function
This paper estimates a translog cost function for the Australian coal industry from 1968 to 2001. We use a variable measuring the shift to open-pit mining to capture the impact of technical change, while using a time trend to capture the impact of resource exhaustion. The cost function is estimated...
| Main Authors: | , , |
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| Format: | Working Paper |
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School of Economics and Finance, Curtin Business Schoold
2004
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| Online Access: | http://hdl.handle.net/20.500.11937/34640 |
| _version_ | 1848754278288588800 |
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| author | Azzalini, Paul Bloch, Harry Haslehurst, Paula |
| author_facet | Azzalini, Paul Bloch, Harry Haslehurst, Paula |
| author_sort | Azzalini, Paul |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper estimates a translog cost function for the Australian coal industry from 1968 to 2001. We use a variable measuring the shift to open-pit mining to capture the impact of technical change, while using a time trend to capture the impact of resource exhaustion. The cost function is estimated with the Zellner's SUR procedure. Technical change is significant in lowering cost, but over time this cost reduction has been largely offset by the impact of resource exhaustion. |
| first_indexed | 2025-11-14T08:37:52Z |
| format | Working Paper |
| id | curtin-20.500.11937-34640 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:37:52Z |
| publishDate | 2004 |
| publisher | School of Economics and Finance, Curtin Business Schoold |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-346402017-01-30T13:44:41Z Australian Coal Mining: Estimating technical change and resource exhaustion in a translog cost function Azzalini, Paul Bloch, Harry Haslehurst, Paula Cost functions Technical Change Coal mining Translog This paper estimates a translog cost function for the Australian coal industry from 1968 to 2001. We use a variable measuring the shift to open-pit mining to capture the impact of technical change, while using a time trend to capture the impact of resource exhaustion. The cost function is estimated with the Zellner's SUR procedure. Technical change is significant in lowering cost, but over time this cost reduction has been largely offset by the impact of resource exhaustion. 2004 Working Paper http://hdl.handle.net/20.500.11937/34640 School of Economics and Finance, Curtin Business Schoold fulltext |
| spellingShingle | Cost functions Technical Change Coal mining Translog Azzalini, Paul Bloch, Harry Haslehurst, Paula Australian Coal Mining: Estimating technical change and resource exhaustion in a translog cost function |
| title | Australian Coal Mining: Estimating technical change and resource exhaustion in a translog cost function |
| title_full | Australian Coal Mining: Estimating technical change and resource exhaustion in a translog cost function |
| title_fullStr | Australian Coal Mining: Estimating technical change and resource exhaustion in a translog cost function |
| title_full_unstemmed | Australian Coal Mining: Estimating technical change and resource exhaustion in a translog cost function |
| title_short | Australian Coal Mining: Estimating technical change and resource exhaustion in a translog cost function |
| title_sort | australian coal mining: estimating technical change and resource exhaustion in a translog cost function |
| topic | Cost functions Technical Change Coal mining Translog |
| url | http://hdl.handle.net/20.500.11937/34640 |