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 r...
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| Format: | Working Paper |
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Oil and Gas Management, Curtin Business School
2007
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| Online Access: | http://hdl.handle.net/20.500.11937/6919 |
| _version_ | 1848745216305004544 |
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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 | 2025-11-14T06:13:50Z |
| format | Working Paper |
| id | curtin-20.500.11937-6919 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T06:13:50Z |
| publishDate | 2007 |
| publisher | Oil and Gas Management, Curtin Business School |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-69192017-01-30T10:56:22Z Australian coal mining: Estimating technical change and resource rents in a translog cost function Azzalini, Paul Bloch, Harry Haslehurst, Paula Technical change Cost functions Coal mining Resource rents Translog 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 Working Paper http://hdl.handle.net/20.500.11937/6919 Oil and Gas Management, Curtin Business School fulltext |
| spellingShingle | Technical change Cost functions Coal mining Resource rents Translog 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 | Technical change Cost functions Coal mining Resource rents Translog |
| url | http://hdl.handle.net/20.500.11937/6919 |