Livestock Export Industry in Australian Economy: A Quantitative Analysis

Quantitative Analysis
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Table of Content
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Introduction..................................................................................................................................................................... 2
Discussion........................................................................................................................................................................ 3
Industrial findings............................................................................................................................................................ 4
Type I multiplier.............................................................................................................................................................. 4
Transport and support service........................................................................................................................................ 11
Knowledge of economics................................................................................................................................................. 11
Literature review............................................................................................................................................................ 12
Recommendation on the Austria government analysis....................................................................................................13
Conclusion..................................................................................................................................................................... 14
Reference....................................................................................................................................................................... 14
Introduction
By using excel calculation for this project, we shall analyse and evaluate the significance
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of the Livestock export industry in Australian economy and which also is the objective of this
research paper. For Australia’s large economy we shall evaluate and research about the
technology matrix and calculate the Type I and Type II multiplier. Without including the
household spending in this analysis, we shall make use of the Leontief Input-Output analysis to
identify the modifications in the other industry’s output, both in terms of dollars and as a
percentage value. M, the technology matrix will be given as,
M = Each Column of Inputs
Total input on the agriculture sector
This we shall study and analyses in this research paper.
Discussion
The Guarantee of the Animal husbandry and their welfare, including the animal rights has
been given by the Australian government which has agriculture service and a consistent business
related to the livestock. Focusing on every animal and livestock subjected to the slaughter in
Australia, the Australian government will assist in looking at and ensuring of new laws related to
the safety and security. This shall also benefit the supply chain warranty by providing
verification and transparency to the whole new system of livestock related matters, Inspite there
may be a possibility of stopping biofuels in the industry. The most important point for the
Australian Government is the improvement of Animal welfare and their rights and for which it is
taking advice on conducting a series of business transactions for the given circumstances.
Evaluating similar type of issues, this review works on the same time with many different
processes without highlighting as to when the review shall be declared (Szulewski 2016).
At the Australian Live Export Market, the Senate Standing Committee on Rural Affairs
and Transport initiated an inquiry into animal health standards and their welfare status. On issues
related to the export sector specifically for the transportation of the livestock from Australia, the
Australian government has directly appointed three independent industrial government working
committees. Additionally, for the current applicability of technology multiplier 1 and technology
multiplier 2 control boxes, the Australian chief veterinarian has requested to integrate an
independent scientific assessment for the same. Agriculture, health and service is the sector of
which the Livestock industry forms a part of.
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Industrial findings
With the Australian Government putting special emphasis on Livestock transportation
and Animal Welfare, they have started studying the livestock export trade issues and in relation
to the same have suspended trade with Indonesia. This will have an impact upon the industry and
its relation with other countries with regards to the business and economics as Australia was
always considered as a reliable supplier of livestock. Because of this suspension, some of the
Australian Livestock businesses, connected with the trade, got affected and led to the welfare
concerns as they were unable to ship their livestock’s because of the suspension which also
included sizeable assistance payments (Tárnok 2014).
Type I multiplier dataset,
Type 2 multiplier dataset,
Type I multiplier
Technology matrix for the type I multiplier
Step 1: Use the underlying assumption total input = total output to complete the following
input/output table
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