ECON1061 Quantitative Analysis: Livestock Export Industry Report

This report conducts a quantitative analysis of the Australian livestock export industry, focusing on its significance within the national economy. Using Excel calculations, the study employs Leontief Input-Output analysis, technology matrices, and Type I and Type II multipliers to evaluate the industry's impact. The research considers factors such as animal welfare, government regulations, and the effects of trade suspensions on the sector. The analysis includes industrial findings, a literature review, and recommendations for government policy, particularly regarding animal transportation and export standards. The report examines the perspectives of consumers and stakeholders, providing a comprehensive overview of the industry's economic and social dimensions. It also highlights the importance of animal welfare and its influence on the industry's sustainability and public perception. The report concludes with recommendations for improving animal welfare standards and ensuring the industry's economic viability.

Quantitative Analysis
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Table of Content
s
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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Step 2: Calculate the technology matrix, M, by dividing each column of inputs by total input
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Step 3: Determine the inverse of (I – M)
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Step 4: Total requirements table and interpretation
0
1
2
3
4
2 2
3.3
2.2
3.4
2.4 2 2 2.6 2 1.8 2 2.62.2
3.6
1.4
3.51
2.54
3.39
2.682.392.041.91.79
2.392.21.952.252.282.24
1.18
Type 1 multiplier
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Type II multiplier
Step 1: Use the underlying assumption total input = total output to complete the following
input/output table
Step 2: Calculate the technology matrix, M, by dividing each column of inputs by total input
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Step 3: Determine the inverse of (I – M)
9

Step 4: Total requirements table and interpretation
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0
1
2
3
4
type II multiplier
Transport and support service
Strict and laid downed rules and regulations with clear standards by the Australian Government
in relation to the animal health during their transportation from one place to other, as Australia is
a large country and livestock are required to travel. Published by the Animal Health Australia,
[2.94], as per their Traffic guidelines and regulations, to reduce the risk of injury and for the
interior trailer distribution in the traffic trailer, the animal trailer or animal trauma will not be
reduced or lowered. We have to consider the animal’s habits for generating the allowable
travelling time during transportation like, for goats over six months and less than four months go
to the water for over 48 hours. One of the most controversial and debatable issues related to the
livestock breeding in Australia is the notable parts of distant transport of the Australian livestock.
It is one of the most debatable topics in Australian industry for Livestock’s [2.24]. With
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restarting of the trade in the Australian media [2.22, 2.66, 1.96], and suspension of the livestock
trade to Indonesia in 2011 [1.45, 1.72, 1.56],which have been the outcome of the direct export
exchanges and direct export campaigns sustained for a long period of time by various Animal
Rights groups and welfare societies. Affecting the trade in Australia in relation to the livestock
industry, media has been instigating a lot of anger and campaigns to point out this problem [3.15,
2.65, 1.16, and 0.66]. The local Australian public does not support the trade with the amount of
exposure and awareness on Direct Export Trading in the media and in news [4.48, 5.09].
Knowledge of economics
Below are the main considerations that affect the Livestock Trade,
 Market value
 Market demand and relative seasonal variation
 Production geographical concentration
 Agricultural level (150,225,125)
 Service level (170, 0,30)
 Health status (210,250,140)
For any transport in animals [4.48], a good and trustworthy animal welfare organization is
required. The practices of small and inexpensive people's transportation and livestock interests
[0.25, 0.25, 0.42], are not known to some of local researchers, except Australia. For the peace
loving Canadians [3], studies in Europe have shown how much shocked they are to know data
regarding the space permits. The main objective and criteria for the livestock trading and
transportation [8] (p. 348), should be gaining knowledge of animals [for example], rather than
the expression of natural production processes and biological primary output processes.
Analysing the Australian meat consumers' approaches towards agricultural animal welfare in
Australian sheep and beef veterinary industries is the main study point of this research paper and
in the context of this project. As part of Australia's direct-export trade (described below), studies
and survey programs have shown, many concerns expressed by participants about red meat
production focus on cattle transportation in trucks. These have also lead to researchers emphasize
more problems than expected and the participants of the program sometimes take their answers
to unexpected domains.
We shall now proceed to the next topic where we shall try to analyse the response of the
participants and solution form the agriculture government regarding the queries raised by the
participants and answers to their questions for about the animal transportation and their overall
welfare.
Literature review
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