Australian coal mining: Estimating technical change and resource rents in a translog cost function
This paper estimates a translog cost function for the Australian coal industry from 1968/69 to 2004/05. We use a variable measuring the shift to open-pit mining to capture the impact of embodied technical change, while using a time trend to capture the impact of other technical change and changing...
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| Format: | Conference Paper |
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Oceania Association for Energy Economics
2007
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| Online Access: | http://hdl.handle.net/20.500.11937/47648 |
| _version_ | 1848757890987327488 |
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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 1968/69 to 2004/05. We use a variable measuring the shift to open-pit mining to capture the impact of embodied technical change, while using a time trend to capture the impact of other technical change and changing resource rents. The cost function is estimated with Zellner's SUR procedure. The shift to open-cut mining is shown to be important in lowering cost during the 1970s and 1980s, but more recently cost reduction is captured by the time trend. |
| first_indexed | 2025-11-14T09:35:17Z |
| format | Conference Paper |
| id | curtin-20.500.11937-47648 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:35:17Z |
| publishDate | 2007 |
| publisher | Oceania Association for Energy Economics |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-476482022-11-21T05:19:05Z Australian coal mining: Estimating technical change and resource rents in a translog cost function Azzalini, Paul Bloch, Harry Haslehurst, Paula cost functions translog technical change coal mining resource rents This paper estimates a translog cost function for the Australian coal industry from 1968/69 to 2004/05. We use a variable measuring the shift to open-pit mining to capture the impact of embodied technical change, while using a time trend to capture the impact of other technical change and changing resource rents. The cost function is estimated with Zellner's SUR procedure. The shift to open-cut mining is shown to be important in lowering cost during the 1970s and 1980s, but more recently cost reduction is captured by the time trend. 2007 Conference Paper http://hdl.handle.net/20.500.11937/47648 Oceania Association for Energy Economics restricted |
| spellingShingle | cost functions translog technical change coal mining resource rents Azzalini, Paul Bloch, Harry Haslehurst, Paula Australian coal mining: Estimating technical change and resource rents in a translog cost function |
| title | Australian coal mining: Estimating technical change and resource rents in a translog cost function |
| title_full | Australian coal mining: Estimating technical change and resource rents in a translog cost function |
| title_fullStr | Australian coal mining: Estimating technical change and resource rents in a translog cost function |
| title_full_unstemmed | Australian coal mining: Estimating technical change and resource rents in a translog cost function |
| title_short | Australian coal mining: Estimating technical change and resource rents in a translog cost function |
| title_sort | australian coal mining: estimating technical change and resource rents in a translog cost function |
| topic | cost functions translog technical change coal mining resource rents |
| url | http://hdl.handle.net/20.500.11937/47648 |