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Was It Possible to Stabilise the Price of Wool? Organised Wool Marketing 1916 to 1970
Australian Economic History Review ( IF 0.677 ) Pub Date : 2017-08-01 , DOI: 10.1111/aehr.12136
Malcolm Abbott 1 , David Merrett 2
Affiliation  

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.

中文翻译:

是否有可能稳定羊毛价格?1916年至1970年有组织的羊毛营销

羊毛是澳大利亚唯一尝试通过缓冲库存计划(1970-91)来组织价格稳定的商品。自1920年代初以来,种植者就开始要求引入该计划。我们检验了库存的销售是否能优化种植者的收益的说法的准确性。我们还模拟了分别于1925年和1952年提出的底价计划(RPS)的可能结果。我们的发现是,战后库存处置并没有使羊毛种植者的收入最佳化,在经济萧条时期,资金不足的拟议RPS将在1920年崩溃,而1952年后的RPS则将面临相当大的困难。
更新日期:2017-08-01
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